Timeshare

Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 12:00 am on 16 October 1991.

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Photo of Edward Leigh Edward Leigh Parliamentary Under-Secretary (Department of Trade and Industry) 12:00, 16 October 1991

My hon. Friend is quite right. All the evidence shows that the problem is not with timeshare: it is with its marketing. That is why we believe it essential that we insist that those considering taking up timeshare offers be given a written prospectus, that they have a cooling off period and that deposit moneys be protected.

There is no point in acting unilaterally in this case, as most timeshare properties are situated abroad. This is a good example of European action being needed. We are pressing the European Commission to act; it has promised to consider our request as favourably as it can.