Responding to the Chancellor's Spring Statement, David Postings, Chief Executive of UK Finance, said:

This is a pragmatic plan from the Chancellor to help support the country through these challenging times. As the cost of living increases and household budgets come under pressure, the banking and finance industry is well prepared to provide tailored support to any customer who finds themselves in financial difficulty. At the same time the sector is supporting the economic recovery and the government's levelling up plans by continuing to deliver jobs, investment and business lending up and down the country.