§ 48. Mr. Bidwell
asked the Secretary of State for Trade and Industry if he will carry out an inquiry into high interest rates charged by money-lenders, with a view to possible legislative action.
§ Mr. Ridley
No. The Committee on Consumer Credit, whose Report was published earlier this year, examined in great detail the activities of money-lenders and all other providers of consumer credit. It made major recommendations for new legislation which the Government are at present considering.