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United Kingdom · Question · Written question

UIN 188759

Credit: Interest Rates

answeredUnited Kingdom· UK Parliament· EN

Introduced

9 June 2023

Last action

15 June 2023 · Answer

Status

Answered

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Discovery layer

Source updated

15 June 2023

Summary

To ask the Chancellor of the Exchequer, what assessment he has made of trends in the level of interest charged by payday loan companies.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 9 June 2023

    Written question

    To ask the Chancellor of the Exchequer, what assessment he has made of trends in the level of interest charged by payday loan companies.

    Source: Commons

  2. 15 June 2023

    Answer

    The Government does not hold data on the trends in the level of interest charged by payday loan companies. However, the Government believes that consumers should be protected from unfair costs in the payday lending market. That is why the Government legis...

    Source: Written answer

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