Cars: Credit
Commons · Question 56735 · Tabled 3 Jun 2025 · Treasury · Official record
Answered 9 Jun 2025
Question
Asked by Gregory Campbell
To ask the Chancellor of the Exchequer, what information her Department holds on the extent of the liability for consumer credit debt on car purchases that major banks are exposed to.
Answer
Answered by Emma Reynolds, 9 Jun 2025
The government engages with a broad range of stakeholders such as financial regulators, industry, debt advice charities and consumer groups to monitor trends in consumer debt.In the 12 months to September 2024, consumers used regulated motor finance to pu...