HC Deb 09 June 2003 vol 406 cc597-8W
Dr. Cable

To ask the Chancellor of the Exchequer if he will set out the timetable for the introduction of legislation to empower the Office of Fair Trading to regulate the bank clearing system; and if he will make a statement. [117717]

Mr. Boateng

The Government are closely monitoring developments in payment systems and will introduce legislation to give the Office of Fair Trading new powers to promote effective competition in payment systems as soon as parliamentary time allows.

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