Cars: Credit
The question
To ask the Chancellor of the Exchequer, pursuant to the Answer of 30 January 2025 to Question 26424 on Cars: Credit, if she will make an assessment of the potential implications for her policies of trends in the level of consumer credit debt relating to car purchases for the next five years.
Answered by Emma Reynolds
The government believes it is vital that consumers have access to a thriving motor finance market to enable them to spread the cost of a vehicle in a way that is manageable and affordable.
The government engages with a broad range of stakeholders such as the financial regulators, industry, debt advice charities and consumer groups to monitor trends in consumer debt and understand issues affecting consumers.
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