Mr. Ted Fletcherasked the Secretary of State for Trade and Industry whether he intends to implement, in his comprehensive legislation on consumer credit, the recommendation of the Committee on 177W Consumer Credit that all consumer credit agreements should by law contain provisions for a rebate for early settlement, calculated according to a statutory formula; and if he will make a statement.
§ Mr. OnslowWe are sympathetic to this proposal, and a detailed scheme for giving practical effect to the Crowther Committee's recommendation has been put to interested parties for their views before the Government take a final decision.