Orders of the Day — Consumer Credit Bill

Part of the debate – in the House of Commons at 5:43 pm on 9th June 2005.

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Photo of Andrew Love Andrew Love Labour, Edmonton 5:43 pm, 9th June 2005

I am convinced by the evidence, especially that produced by Bristol university, on the negative impact of a cap on interest rates. However, I have attended lively debates in which there is still a bit of give and take on that. Evidence from Europe and other places suggests that there are ways to get around some of those negative impacts. Is the Minister still prepared to discuss the issue? Will he look again at including a power that can be used should the evidence change?