Consumer Credit and Debt Management

Part of Backbench Business — [18th Allotted Day] – in the House of Commons at 3:00 pm on 3 February 2011.

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Photo of Craig Whittaker Craig Whittaker Conservative, Calder Valley 3:00, 3 February 2011

My hon. Friend highlights a serious problem, but it is important to appreciate that some of our high street lenders have recognised, in the light of what has happened, that they must do more to target the most vulnerable to highlight financial issues, as they are doing.

I support the amendment because it is important to have a widespread review and not just a prescriptive briefing, particularly given that unscrupulous companies currently get around advertising the high cost of credit by massively increasing the base price of goods on offer, examples of which were given by my hon. Friend Jackie Doyle-Price and Mr Bain. I urge hon. Members to support the amendment.