Lease Finance to Boom as UK Returns to Growth
Investment in UK IT systems is predicted to grow by over five percent in 2004, with the popularity of lease finance increasing at an even faster rate, according to research commissioned by Siemens Financial Services. UK commercial equipment investment, as a whole, was predicted to be marginally higher than IT investment this year. The report revealed further evidence of corporate Britain’s recovery from the slow economic period 2000-2003, as well as corroborating the long-term growth of leasing penetration in UK business investment. The UK predictions for 2004 contrasted with those for Germany, Europe’s largest economy, where growth is only expected to pick up strongly from mid-year onwards, said Siemens.