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Commercial Credit News
|FLA comments on decision to cut Bank Rate|
|Thursday, 04 August 2016|
Commenting on the occasion of the Bank of England’s announcement of a reduction in the Bank Rate, Stephen Sklaroff, Director General of the Finance & Leasing Association (FLA), said: “In the twelve months to June 2016, FLA members provided almost a third of all UK investment in business equipment and a third of all new UK consumer credit, including the finance for 85% of new car purchases by individuals.
“They will continue to serve their individual and business customers as the economy responds to recent developments. We encourage the Government to continue to do all it can to help UK businesses thrive and expand.”
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