Responding to the Prime Minister’s speech at Labour Party Conference, Shanika Amarasekara MBE, Chief Executive of the Finance & Leasing Association (FLA), said:
“The Prime Minister has set out an ambitious agenda for long-term economic change, with a focus on reindustrialisation, better jobs and creating opportunities in every part of the country.
“If Britain is serious about reindustrialisation, technology adoption and good growth in every postcode, we need to think much harder about how capital actually reaches the households and businesses expected to deliver it.
“FLA members provide around £165 billion of new finance every year, helping households finance vehicles and businesses invest in machinery, equipment and technology across the country.
“Ambition needs investment behind it. Every decision government takes that affects the supply and cost of finance should therefore come with a simple test: will this help or hinder investment in the real economy?
“Getting that right will be critical to turning plans for reindustrialisation, productivity and better jobs into growth on the ground. The FLA and its members stand ready to work with the Government to help deliver that ambition.”
Notes to Editors
- In 2025, FLA members provided £163 billion of new finance to UK businesses and households, £122 billion was in the form of consumer credit, accounting for almost a third of all new consumer credit written in the UK. £55 billion of it supported the purchase of new and used cars, including over 85% of private new car registrations
- For media enquiries, please contact the FLA press office on 020 7420 9656.
