Backbench Business — High-cost Credit

Part of the debate – in the House of Commons at 2:36 pm on 5th September 2013.

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Photo of Ian Lavery Ian Lavery Labour, Wansbeck 2:36 pm, 5th September 2013

Does the hon. Gentleman agree that there should be a cooling-off period? The problem seems to be that many people who are desperate for finance can get hold of £500 on the internet before they have even put down their laptops and arrived at the hole in the wall. If there were a cooling-off period of, say—