New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business in June 2026 was 6% higher than in the same month in 2025. In the first half of 2026, new business in this market was 5% higher than in the same period in 2025.
The credit card and personal loans sectors together reported new business 3% higher in June than in the same month in 2025, while the retail store and online credit sector reported an increase in new business of 1% over the same period.
FLA members continued to play a central role in supporting household spending, accounting for almost 56% of outstanding consumer credit by value at the end of June 2026.
Commenting on the figures, Geraldine Kilkelly, Director of Research and Chief Economist at the FLA, said:
“Consumer finance new business grew by 3% in Q2, with a strong June helping to close out the quarter. While growth eased compared with Q1 as the economic consequences of the Middle East conflict hit consumer confidence, demand remained resilient and consistent with continued growth in household spending.
“These figures underline the important role of consumer finance in supporting spending and helping households manage larger purchases during a period of economic uncertainty. Access to responsible finance continues to support both consumers and the wider economy.
“As attention turns to the Autumn Budget, maintaining consumer confidence will be key. Alongside measures that support household finances and sustainable economic growth, delivery of the long-awaited Consumer Credit Act reform would help foster innovation, improve customer outcomes and support continued access to responsible finance.”
