Mr. Gareth R. ThomasTo ask the Secretary of State for Trade and Industry what representations she has received about the activities of Paragon Finance following the judgment in the case of Paragon Finance plcv. Nash and Another, Sane v. Stanton and Another held before Lord Justices Thorpe, Dyson and Astill on 15 October 2001. [39027]
§ Miss Melanie JohnsonI have received correspondence concerning this case and it was also raised in some of the responses to DTI's recent consultation on reform of our consumer credit legislation. I am aware that the case has important implications for our plans to make the extortionate credit provisions of the Consumer Credit Act more effective and we will be studying the judgment carefully as we develop our proposals.