Proceeding contribution from Neil Parish (Conservative) in the House of Commons on Monday, 4 July 2011. It occurred during Debate on bill on Finance (No. 3) Bill.
Finance (No. 3) Bill
The hon. Lady is right that parts of the population cannot borrow elsewhere, which is a problem. That is another reason for clear warnings, if not restrictions, on the rates of interest charged. The problem is not just that there is a population who cannot borrow from anywhere else but that many companies and loan sharks knock on people's doors. Credit is often dished out in cash, which is very tempting. Some people could, if they went to a great deal more trouble, secure money from proper lending companies at a competitive rate.
Secondary information
- Type
- Proceeding contribution
- Reference
- 530 c1258-9
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Disadvantaged Directors Assets Corporation tax Banks Credit Advisory services Capital allowances Income tax Financial services Interest rates Low incomes Pay Nuclear power Loans Money lenders Social Fund Regulation Taxation VAT Tax rates and bands Tax yields
- Legislation
- Finance (No. 3) Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 17:16:46 +0000
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