Consumer finance new business falls by 4% in June

22 August 2019

Consumer finance new business falls by 4% in June

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell in June by 4%, compared with the same month last year.

The retail store and online credit sector reported new business up by 3% in June compared with the same month in 2018, while credit card and personal loans new business together fell by 7% over the same period.

Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:

“Consumer finance new business was only 1% lower in the first half of 2019 than in the same period in 2018.  Consumer confidence about personal finances and making major purchases has held up despite continued Brexit-related uncertainty.

 “New business growth reported by the retail store and online credit sector in the first six months of 2019 was in line with growth in the value of retail sales over the same period.”

 Table 1: New consumer credit lending


Jun 2019

% change on prev. year

3 months to Jun 2019

% change on prev. year

12 months to Jun2019

% change on prev. year

Total FLA consumer finance (£m)














Data extracts:







Retail store and online credit (£m)







Credit cards & personal loans (£m)







Second charge mortgages (£m)







Car finance (£m)







 Note to editors:

  1. FLA members in the consumer finance sector include banks, credit card providers, store card providers, second-charge mortgage lenders, motor finance providers, personal loan and instalment credit providers.
  2. In 2018, FLA members provided £136 billion of new finance to UK businesses and households. £103 billion of this was in the form of consumer credit representing over a third of total new consumer credit written in the UK in 2018.
  3. For media enquiries, please contact the FLA press office on 020 7420 9656.



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