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United Kingdom · Question · Written question

UIN 64757

Credit: Interest Rates

answeredUnited Kingdom· UK Parliament· EN

Introduced

3 July 2025

Last action

9 July 2025 · Answer

Status

Answered

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Discovery layer

Source updated

9 July 2025

Summary

To ask the Chancellor of the Exchequer, what steps she is taking to reduce the number of households relying on high-cost credit to meet living expenses.

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

Timeline

  1. 3 July 2025

    Written question

    To ask the Chancellor of the Exchequer, what steps she is taking to reduce the number of households relying on high-cost credit to meet living expenses.

    Source: Commons

  2. 9 July 2025

    Answer

    The Financial Conduct Authority (FCA) is responsible for regulating the consumer credit sector. The FCA requires firms to carry out an assessment of the creditworthiness of a prospective borrower before entering into a regulated credit agreement with them...

    Source: Written answer

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