Positive impact of van rental and leasing industry on UK economy
Giving due credit to the car and van sectors of the vehicle rental and leasing industry, it was recently announced that it supports over 183,000 jobs and contribute around £14bn per year to the UK economy. According to a new report commissioned by the BVRLA from respected research organisation Oxford Economics, the recent study provides some robust, independent data on the size, scope and importance of the vehicle rental and leasing sector. In terms of pounds per year to the UK economy, the £14bn mentioned above is equivalent to £1 in every £90 of UK GDP or the combined local economies of Bath and Bristol. This figure takes into account the operations of the industry itself, the UK-made vehicles and engines it purchases, the activity of UK dealerships and its impact on the used car market. In the process, the sector generates around £2.8 billion of tax revenue per year. In the job stakes, the industry employs 38,000 people directly and a further 145,000 people through wider supply cha...