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One of the biggest challenges faced by businesses and consumers is access to finance. Vince Cable, Business Secretary, appeared before MP’s recently and strongly expressed his disappointment that the banking industry was still not honouring its pledge to lend more money to businesses. Referring to British Banking Association (BBA) figures he Read more »

Yet another funder pulled out of the market last month. HSBC has been a bit of a mystery because whilst they appeared to have a fleet of 33,000 vehicles out on contract the contracts weren’t with them at all. The scheme known as undisclosed agency meant that whilst the documentation showed the name of HSBC the agreements were actually underwritten by Lex Autolease. This ‘outsourcing’ started in 2005 Read more »