The UK’s Finance & Leasing Association has called for
further Government support for asset finance, as first-quarter
results for 2009 showed a 44 percent interannual drop in finance
for plant and machinery. Overall, asset finance business fell 28
percent year-on-year in the first quarter, with significant falls
seen in copiers, telecoms and catering equipment (31 percent),
commercial vehicles (25 percent) and IT equipment (33
percent).
Big ticket leasing for ships, aircraft and trains was up 7 percent,
fuelled by a 71 percent surge in ship finance.
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