Mr. Ted Fletcherasked the Secretary of State for Trade and Industry whether he intends to implement the recommendations of the Committee on Consumer Credit which reported that all consumer credit agreements should by law contain provisions for a rebate for early settlement calculated according to a statutory formula.
§ Mr. NobleTo apply the proposal recommended by the committee across the whole range of consumer credit transactions, as the report intended, would involve a number of diverse practical issues which I am considering.