Proceeding contribution from John Battle (Labour) in the House of Commons on Thursday, 9 June 2005. It occurred during Debate on bill on Consumer Credit Bill.

Consumer Credit Bill

I was trying to make the point that people do not find it easy to talk about their financial arrangements. For the poorest, it is not only a question of shame. Most people will not discuss how they balance their budgets and on what they spend their money. Even those who boast about how much borrowing they have done might not spell out their whole budget. We need, perhaps as part of youngsters’ education, to teach them to think and talk more about how to balance budgets and manage income. We are all bad at being open about it, even to our partners.

Secondary information

Type: Proceeding contribution
Reference: 434 c1438-9
Session: 2005-06
Chamber / Committee: House of Commons chamber
Subjects: Disclosure of information Consumers Appeals Debts Cheques Credit agreements Credit Credit cards Licensing Instalment credit Interest rates Low incomes Powers of entry Protection Loans Office of Fair Trading Money lenders Regulation Unfair practices Personal loans Financial Ombudsman Service Mediation
Legislation: Consumer Credit Bill 2005-06
Link: View this Proceeding contribution on www.publications.parliament.uk

Consumer Credit Bill

Secondary information

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