Written Question·Treasury·UIN 26424
Cars: Credit
Tabled: 27 January 2025
Answered: 30 January 2025
Named DayQuestion
Mr Gregory Campbell
Democratic Unionist Party — East Londonderry
To ask the Chancellor of the Exchequer, if she will make an assessment of trends in the level of consumer credit debt relating to car purchases in the last five years.
Answer
Emma ReynoldsThe Government regularly engages with the Bank of England, the Financial Conduct Authority (FCA) and the Money and Pensions Service (MaPS) to monitor personal finances and debt levels. According to the FCA, 2 million cars were bought on finance in the 12 ...
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