New Clause 1 - Credit-token specification
Consumer Credit Bill
4:15 pm
Mr James Plaskitt (Warwick and Leamington, Labour)
I think that the Minister and I are still on the same team—it feels like it. I am grateful that he has acknowledged the urgency of the issue, as millions of customers are regularly annoyed. I am heartened that he agrees with the objectives of my new clause, although I accept that there are imperfections in its drafting. Alas, the clever people in the banks would quickly work out a way round the defence that I have tried to raise to prevent the issuing of additional credit tokens. I interpret as a positive omen the Minister's assurance of a route through secondary legislation in the not too distant future and his assurances that he fully shares my objectives. Since I recognise the imperfections in the drafting of the new clause, I beg to ask leave to withdraw the motion.
Motion and clause, by leave, withdrawn.