§ Mr. GorrieTo ask the Secretary of State for Trade and Industry if he will take steps to dissuade companies which offer credit facilities to customers from encouraging people to build up substantial debts. [154425]
§ Dr. HowellsLast November, I set up a taskforce, which includes credit industry representatives, to explore the causes and effects of over-indebtedness and develop practical solutions for achieving more responsible lending and borrowing. The taskforce will present proposals to me in April and I will be aiming to implement measures as soon as possible after that.