Hire-Purchase Agreements (British Gas Corporation) (Hansard, 2 July 1976)

HC Deb 02 July 1976 vol 914 c343W 343W

§ Mr. Gorst
asked the Secretary of State for Prices and Consumer Protection whether she is satisfied that the 27 per cent. annual rate of interest charged by the British Gas Corporation on hire-purchase agreements is in the consumer's interest; and if she will make a statement.

§ Mr. John Fraser
The rate of interest charged in the HP transaction, of which the hon. Member has given me details, appears to be in line with the rate charged by a number of creditors.