HC Deb 04 March 1999 vol 326 c862W
32. Mr. Fabian Hamilton

To ask the Chancellor of the Exchequer what support the Treasury is giving to local credit unions; and if he will make a statement. [72448]

Ms Hewitt

The Treasury does not provide direct support to credit unions, but is responsible for their legislative framework. The Treasury is currently consulting on proposals to remove some of the restrictions on their powers, and established a task force to consider how banks and building societies could assist credit unions. I also await the report of a policy action team which is looking at other ways to help their development.

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