Store Cards (Hansard, 8 September 2003)

HC Deb 08 September 2003 vol 410 c106W 106W

§ John Robertson
To ask the Chancellor of the Exchequer what assessment he has made of the effects of high interest rates on store cards on consumer spending. [128147]

§ Mr. Boateng
The Government's latest forecast of household expenditure was published in the Financial Statement and Budget Report (HC 500) on 9 April and took into account all relevant factors. Interest rates on store cards are unlikely to have a material influence on overall consumer spending.