SMEs repay over £5 billion in first six months of 2023 to erode pandemic debt pile
SMEs repay over £5 billion in first six months of 2023 to erode pandemic debt pileSep 25, 2023
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UK economy shrinks by 0.5% in July, according to latest GDP figuresMonthly real gross domestic product (GDP) is estimated to have fallen by 0.5% in July 2023. The Office for National Statistics (ONS) said the decline - which was worse than many economists had expected - followed an unrevised 0.5% increase in GDP in June 2023.
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Consumer car finance new business volumes fell by 6% in July 2023New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in July 2023 by 6% compared with the same month in 2022. The corresponding value of new business fell by 5% over the same period. In the seven months to July 2023, new business also decreased 5% by value and 6% by volume compared with the same period in 2022.
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Asset finance new business grew by 14% in July 2023New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in July 2023 by 14% compared with the same month in 2022. In the seven months to July 2023, new business was also 14% higher than in the same period in 2022.
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FLA members provided £76 billion of new business in H1 2023New figures released today by the Finance & Leasing Association (FLA) show that FLA members across the asset finance, consumer finance and motor finance markets provided £76.3 billion of new business in the first half of 2023, 1% higher than in the same period in 2022.
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UK economy grows faster than expected after 0.5% rise in GDP in JuneMonthly real gross domestic product (GDP) is estimated to have grown by 0.5% in June 2023. Following a fall of 0.1% drop in May and growth of 0.2% in April, UK GDP has bounced back with an increase of 0.5%, according to new figures from the Office of National Statistics (ONS).
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Consumer car finance new business volumes fell by 2% in JuneNew figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in June 2023 by 2% compared with the same month in 2022. The corresponding value of new business grew by 2% over the same period. In the first half of 2023, new business fell 5% by value and 6% by volume compared with the same period in 2022.
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Asset finance new business grew by 18% in JuneNew figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in June 2023 by 18% compared with the same month in 2022. In the first half of 2023, new business was 15% higher than in the same period in 2022.
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Consumer car finance new business volumes fell by 10% in May 2023New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in May 2023 by 10% compared with the same month in 2022. The corresponding value of new business also fell by 10% over the same period. In the five months to May 2023, new business fell 9% by value and 8% by volume compared with the same period in 2022.
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Asset finance new business grew by 13% in May 2023New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in May 2023 by 13% compared with the same month in 2022. In the five months to May 2023, new business was also 13% higher than in the same period in 2022.
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Consumer car finance new business volumes fell by 15% in April 2023New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in April 2023 by 15% compared with the same month in 2022. The corresponding value of new business fell by 16% over the same period. In the first four months of 2023, new business fell 8% by both value and volume compared with the same period in 2022.
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