Backbench Business — High-cost Credit

Part of the debate – in the House of Commons at 3:02 pm on 5th September 2013.

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Photo of Chris Evans Chris Evans Labour, Islwyn 3:02 pm, 5th September 2013

I will not keep the House for long, as I hear a number of north-east accents around me from Members who are waiting for the next debate to start.

I congratulate everybody who took part in today’s debate. It is a case of the House at its best. It has been an informed debate, as Backbench Business Committee debates always are, and I echo many of the comments made by both the Opposition and Government Front Benchers. We want to see a sector that delivers for the consumers who need that. We are seeing consensus among everybody in this House that we need not just regulation but better regulation. We have a real opportunity through the FCA and I hope that we do not blow it.

We have seen a manifesto for action today that everybody in the House can support. I thank the Committee again for allowing us the time for the debate, I thank everybody who has taken part and I am heartened by what I have heard from those on the Front Benches. I look forward to further action in the future.

Question put and agreed to.

Resolved,

That this House has considered high-cost credit.