Orders of the Day — Consumer Credit Bill

Part of the debate – in the House of Commons at 1:53 pm on 9th June 2005.

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Photo of Norman Lamb Norman Lamb Shadow Spokesperson (Treasury), Liberal Democrat Spokesperson (Treasury) 1:53 pm, 9th June 2005

I am grateful to the right hon. Gentleman for that intervention. I would never support such interest rates, but the question is whether we should make them illegal. If people are pushed out of the market, DTI research suggests that they will drift into borrowing from criminals, who are self-evidently totally unregulated. We can continue this debate in Committee.