Part of Financial Services Bill – in a Public Bill Committee at 1:45 pm on 14 January 2010.
Would the hon. Gentleman be content if someone at the credit card company said, I think that this person, based on my assessment of their credit risk, should have a credit limit of, say £5,000. Under the current regime the company might give that customer a credit limit of only £1,000 and see how the customer copes before increasing the limit in stages towards £5,000. Would the hon. Gentleman be happy to go straight to that £5,000 limit?