Orders of the Day — Consumer Credit Bill

Part of the debate – in the House of Commons at 12:28 pm on 9th June 2005.

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Photo of Gerry Sutcliffe Gerry Sutcliffe Parliamentary Under-Secretary (Trade and Industry) (Employment Relations and Consumer Affairs) 12:28 pm, 9th June 2005

I understand why my hon. Friend raises this issue, but there is not enough time during a Second Reading debate to go through the detailed arguments surrounding it. If he catches the eye of the Whips, he can join the Standing Committee and we can then have this argument in greater detail. For example, we can explain why, in the light of evidence that we took from other countries, the interest rate cap does not work.