§ Mr. Cant
asked the Secretary of State for Prices and Consumer Protection when he proposes to issue regulations in relation to (a) the content and method of calculation of total credit charges and (b) the determination and publication of true or effective interest rates under the Consumer Credit Act 1974.
§ Mr. John Fraser
Regulations stipulat-what charges are to be included in the total charge for credit and how the rate is to be calculated were among those published on 8th March. I hope to make regulations requiring disclosure of the rate later this year.