Written question asked by Gregory Campbell (Democratic Unionist Party) on Tuesday, 3 June 2025, in the House of Commons. It was due for an answer on Monday, 9 June 2025 (named day). It was answered by Emma Reynolds (Labour) on Monday, 9 June 2025 on behalf of the Treasury.
Cars: Credit
- Question
-
To ask the Chancellor of the Exchequer, what information her Department holds on the extent of the liability for consumer credit debt on car purchases that major banks are exposed to.
- Answer
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The government engages with a broad range of stakeholders such as financial regulators, industry, debt advice charities and consumer groups to monitor trends in consumer debt.
In the 12 months to September 2024, consumers used regulated motor finance to purchase over 2 million vehicles, borrowing a total of £37.7bn.
Secondary information
- Type
- Written question
- Reference
- 56735
- Session
- 2024-26
- Related items
- Subjects
- Banks Cars Credit Sales
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-09-05 23:00:52 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/56735
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/56735
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/56735