Clause 5 - Consequential amendments relating to ss. 1 to 4
Consumer Credit Bill
9:15 am
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.