Cars: Leasing and Loans

Treasury written question – answered on 20th February 2019.

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Photo of John Spellar John Spellar Labour, Warley

To ask the Chancellor of the Exchequer, what estimate his Department has made of the value of current car loans and car-leasing schemes in the UK.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

On 1 April 2014, regulation of the consumer credit market, including high-cost lenders, was transferred to the Financial Conduct Authority (FCA).

We have passed the Honourable Members question on to the FCA, who will reply directly by letter. A copy of the letter will be placed in the Library of the House.

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