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Consumer new business falls by 4%

Consumer new business fell by 4% in June according to new figures released by the Finance and Leasing Association (FLA).

Personal loans new business fell by 7% in June.

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.”

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