L

Lord Woodley (Lab)

Speaking in the House of Lords on 8 December 2025

Debate

Employee Car Ownership Schemes

Contribution

My Lords, I welcome the Minister to the Dispatch Box, as I am sure all colleagues do. I thank him for his positive response, having listened to the motor industry’s concerns. However, while welcome, this delay to wiping out ECOS, a 40 year-old industry leasing scheme, begs the obvious question: what assessment was made when these proposals were mooted, given that they would reduce production by 100,000 vehicles a year, cost 5,000 automotive jobs and hardly put a penny extra into the Treasury’s coffers? Would the Minister agree to meet me and industry colleagues to discuss whether these proposals should be scrapped entirely?

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