§ Mr. HoodTo ask the Chancellor of the Duchy of Lancaster what information he has on the range of interest rates set by licensed finance companies in Scotland.
§ Mr. MaudeI have been asked to reply.
The Government do not keep information on the ranges of interest rates available from licensed finance companies. Regulations ensure that a prospective borrower under a consumer credit agreement receives clear information on the interest rate being offered and that the information is on a basis which facilitates comparison with other sources of consumer credit.