§ Mr. Gardiner
To ask the Chancellor of the Exchequer if he will make a statement on the effect upon consumers of the cross border payments regulation adopted on 1 July 2002. 
§ Ruth Kelly
The Regulation on cross-border payments in euro seeks to prevent excessive charges for consumers for certain cross-border payments in euro by imposing requirements in connection with the level, transparency and facilitation of charges for these types of payments. It does not apply to sterling denominated payments.