United Kingdom · Question · Written question
UIN 201386
Consumer Goods: Credit
Original
Introduced
13 October 2023
Last action
23 October 2023 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
23 October 2023
Summary
To ask the Chancellor of the Exchequer, whether he has made an estimate of the number of consumers that are using Buy Now Pay Later products to purchase essential items in the last 12 months.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
13 October 2023
Written question
To ask the Chancellor of the Exchequer, whether he has made an estimate of the number of consumers that are using Buy Now Pay Later products to purchase essential items in the last 12 months.
Source: Commons
23 October 2023
Answer
HM Treasury regularly monitors the consumer credit market as part of its normal process of policy development. Buy-Now Pay-Later (BNPL) is an interest-free product which gives consumers a time-limited means of spreading payments for their purchases. When ...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2023-10-13/201386
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1663532
- uk · wq-1663532 · source updated 23 October 2023