§ Mr. James HillTo ask the President of the Board of Trade if he will bring forward legislation to allow deposits in excess of 10 per cent. of the actual purchase price to be charged for goods or services only in circumstances where the seller secures those deposits by means of insurance,348W bonding or by using a trust account, in a similar way to that required for package holidays by the Package Travel, Package Holidays and Package Tours Regulations 1992, SI 1992, No. 3288, but with improved provision for enforcement.
§ Mr. McLoughlinNo. Such regulation would be bureaucratic and expensive, and would, through its adverse effect on the cashflow of businesses, be likely to put up prices. This would not be in the long-term interests of the consumer.