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 Adam Price Adam Price Spokesperson (Economy and Taxation; Education & Skills; Miner's Compensation; Regeneration; Trade & Industry) 12:28 pm, 9th June 2005

Is not the fact that it has taken 30 years to introduce new consumer credit legislation a good argument for at least introducing an enabling clause that would allow Ministers to introduce an interest ceiling if the evidence comes forward to convince them of the case for that; otherwise we might have to wait another 30 years before such a ceiling is introduced?