2014-01-22 04:47:01 - Financial Leasing in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
Over the past five years, the industry has weathered challenging conditions. Industry revenue is estimated to decline at a compound annual rate of 2.7% over the five years through 2013-14, reaching Â£9.6 billion.
Bleak economic conditions caused business confidence and consumer confidence to fall considerably at the start of the period, which resulted in businesses and consumers making significant spending cuts. This significantly reduced the demand for financial leasing products. A fall in interest rates and stricter lending criteria further hampered industry revenue.
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