High Cost Credit Bill

Part of the debate – in the House of Commons at 9:48 am on 12 July 2013.

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Photo of Paul Blomfield Paul Blomfield Labour, Sheffield Central 9:48, 12 July 2013

It is indeed. If we look across the United States and some other European countries where regulation is the norm, we see a variety of approaches to capping interest rates and capping the total cost of credit. That is also an issue to which I will return.