§ 29. Mr. Ioan Evansasked the Secretary of State for Prices and Consumer Protection what progress has been made on the references to the Monopolies Commission on accountants, stockbrokers, veterinary surgeons and lawyers.
§ Mr. John FraserMy right hon. Friend has received reports on these references and will be publishing them as soon as possible.
§ Mr. Pavittasked the Secretary of State for Prices and Consumer Protection if it is necessary to add charges such as surveyors' or legal fees in order to convert the flat interest rate to the true rate in accordance with the provisions of the Consumer Credit Act.
§ Mr. John FraserMy current intention is that the Consumer (Total charge for Credit) Regulations, which I hope to lay before the House shortly, will require all charges payable by a consumer under a credit agreement, linked transactions, or any security, to be included in the total charge from credit from which the rate thereof is to be calculated. In some circumstances this could include surveyors' or legal fees.