Clause 5 - Consequential amendments relating to ss. 1 to 4

Consumer Credit Bill

Public Bill Committees, 23 June 2005, 9:15 am

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Question proposed, That the clause stand part of the Bill.

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Photo of Gerry Sutcliffe

Gerry Sutcliffe (Parliamentary Under-Secretary (Employment Relations and Consumer Affairs), Department of Trade and Industry; Bradford South, Labour)

The clause makes various consequential amendments to the 1974 Act arising out of clauses 1 to 4. Subsection (7) will give the Secretary of State the power by statutory instrument to increase the £25,000 limit in relation to the regulation of business lending involving small businesses.

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Question put and agreed to.

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Clause 5 ordered to stand part of the Bill.

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