§ Mr. ColmanTo ask the Secretary of State for Trade and Industry what the annual cost was in England and Wales of trading standards activity on consumer credit and finance and the enforcement of the Consumer Credit Act 1974 in each year since 1997. [86971]
§ Miss Melanie JohnsonThe trading standards activities of local authorities are funded through the revenue support grant, and the allocation of resources to individual trading standards functions is a matter for each local authority to determine. It is therefore not possible to state the annual cost in England and Wales of trading standards activity on consumer credit and finance and the enforcement of the Consumer Credit Act.
§ Mr. ColmanTo ask the Secretary of State for Trade and Industry (1) what the annual costs of the OFT were in relation to the implementation of its activities under the Consumer Credit Act 1974, in each year since 1997; [86973]
(2) what the annual income generated for the Office of Fair Trading was from licensing of organisations under the Consumer Credit Act 1974, in each year since 1997. [86972]
§ Miss Melanie JohnsonThe Office of Fair Trading's income from its licensing activities under the Consumer Credit Act 1974 for each of the last five financial years was:
During the same period, the annual costs to the OFT of its functions under the Act were:
- 1997–98: £4,116,713
- 1998–99: £4,088,375
- 1999–2000: £3,801,851
- 2000–01: £3,406,593
- 2001–02: £3,846,120
- 1997–98: £3,829,503
- 1998–99: £4,063,273
- 1999–2000: £4,128,732
- 2000–01: £4,565,000
- 2001–02: £5,379,415