Treasury written question – answered at on 31 July 2024.
Sorcha Eastwood
Alliance, Lagan Valley
To ask the Chancellor of the exchequer, whether she plans to bring forward legislative proposals to regulate buy-now-pay-later financial products.
Tulip Siddiq
The Economic Secretary to the Treasury
Regulating Buy Now Pay Later products is crucial to protect people and deliver certainty for the sector.
The government will be looking to work closely with all interested stakeholders and will set out its plans shortly.
Yes1 person thinks so
No1 person thinks not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
