Breathing Space Scheme

Part of the debate – in the House of Commons at 1:08 pm on 19th June 2019.

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Photo of Edward Leigh Edward Leigh Conservative, Gainsborough 1:08 pm, 19th June 2019

Loan sharks are the unacceptable face of capitalism, but this is a complex area and the Government should proceed with caution. Confidence in the market, and in capitalism more generally, depends crucially on the payment of debt. I very much hope that the Government will consult widely with the industry, particularly with credit card companies, and consider piloting, because there are unintended consequences of Governments, in their dying days, trying to virtue-signal and regulate more but actually doing more damage than good. Therefore, please may we have piloting and widespread consultation?