Credit: Regulation

Treasury written question – answered on 21st July 2022.

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Photo of Pat McFadden Pat McFadden Shadow Chief Secretary to the Treasury

To ask the Chancellor of the Exchequer, how many responses his Department has received to its consultation on the regulation of buy now pay later.

Photo of Pat McFadden Pat McFadden Shadow Chief Secretary to the Treasury

To ask the Chancellor of the Exchequer, what meetings officials in his Department have had with representatives of buy now pay later businesses.

Photo of Richard Fuller Richard Fuller The Economic Secretary to the Treasury

The Government received 86 responses to its consultation on the regulation of Buy-Now Pay-Later. A list of respondents can be found in Annex A of the Government’s consultation response at:

https://www.gov.uk/government/consultations/regulation-of-buy-now-pay-later-consultation

Treasury Ministers and officials have held meetings with a wide variety of interested parties as part of the process of policy development and delivery. These have included meetings with consumer groups, with financial services sector trade bodies, and with a number of individual firms that will be affected by the regulation of Buy-Now Pay-Later.

Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at:

https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel

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