Emergency budget: industry comment

Ken Trinder, head of business development at epyx

“With so many major vehicle leasing companies being owned in part or completely by banks and other financial institutions, it will be interesting to see if the new £2 billion annual bank levy has any impact on the sector. It should, in the long term, reduce bank appetite for risk, so it is very much a question of whether the banks view vehicle leasing as a risky venture or one with a long term, profitable future? The indications we see suggest that now the economy has stabilised and is slowly starting to grow following the recession, the latter is very much the case.”