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Lending (Regulation) Bill

My hon. Friend has done the House a real service in introducing this Bill, because it plugs an important gap, even if it is a little late for some who have got themselves into debt. The answer to the question he was asked is that we do not really know, because when credit limits are extended, people might nibble at them a bit at a time, rather than using all the money in one big hit. One of the risks is that people may drift into spending more than they can afford a bit at a time, without realising that they are getting themselves into a mess.