Campaigns. It is important that I continue to know the strength of feeling on an issue and I prefer to respond to every inquiry, but the sheer size of campaign correspondence means that it is hard to justify to the tax payer the cost and time taken for individual written replies, so regrettably I will no longer reply to every item of campaign correspondence.  I will  post a response to the campaign on the "Responses to campaigns" page of my website.

I am sorry to do this, as it is rather impersonal, but can see no other way of maintaining a good service for all my constituents unless I approach campaigns this way.


15 MAR 2019

Household Credit

Thank you very much for taking the time to email me about capping household credit and the End the Debt Trap campaign.

I agree quite that more needs to be done to tackle irresponsible lending and I am glad that the Financial Conduct Authority (FCA) is continuing to review the high-cost credit market, the government needs to look carefully at their recommendations and those of campaigners.

The FCA are currently concentrating on issues with the overdraft market and are holding a consultation on proposed remedies which is open until the 18th of March. You can find out more about this here: https://www.fca.org.uk/publications/consultation-papers/cp18-42-high-cost-credit-review-overdrafts-consultation-paper-and-policy-statement

The responses will then be considered and the FCA will publish their final rules in June.

The FCA are also looking in to other areas concerning high cost credit and you may like to read their review and consultation paper covering home collected credit, catalogue and store cards, buy now pay later deals, social landlords and alternatives to high cost credit here:

https://www.fca.org.uk/publication/consultation/cp18-43.pdf

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