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FLA responds to Plan for Productivity PDF Print E-mail
Friday, 10 July 2015

Commenting on the announcement of the Government’s productivity plan, Fixing the Foundations, Stephen Sklaroff, Director General of the Finance & Leasing Association (FLA), said:

“Today’s announcement from the Government underlines the crucial importance of productivity to the UK economy.

“The asset finance (leasing and hire purchase) industry, whose own productivity was shown in recent research from Oxford Economics to be seven times the UK average, is helping British businesses of all sizes invest in new equipment, secure jobs and boost national productivity.

“We look forward to working with the Bank of England and the Treasury as they try to improve the measurement of finance for productive investment, £26 billion of which was provided by the asset finance industry in 2014.”

(Source - FLA News Release)  


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