To ask the Chancellor of the Exchequer, how many claims for refunds from Wonga customers who were mis-sold higher risk loans remain outstanding; and if he will make an assessment of the potential merits of providing support from the public purse to those customers who only received 4.3 per cent...

To ask the Chancellor of the Exchequer, how many claims for refunds from Wonga customers who were mis-sold higher risk loans remain outstanding; and if he will make an assessment of the potential merits of providing support from the public purse to those customers who only received 4.3 per cent...

In the last month we have seen the Financial Times predicting that the Chancellor will miss his balanced budget target, and today we have seen zero growth in the economy. At the same time, Mr Dominic Cummings has demanded cuts in taxes and massive spending commitments, so the Chancellor has resorted to floating a possible raid on middle-income pensions, a mansion tax—once described as Marxist—and a 5% cuts round to find some money to pay for Mr Cummings’s demands. Yet in the real world out there, the victims of Wonga, the payday loan company, were told a fortnight ago that they would receive less than 5% of the compensation that they are owed. Will the Chancellor take a break from his arm-wrestling with Mr Cummings, and introduce measures to compensate the Wonga victims fully?

In the last month we have seen the Financial Times predicting that the Chancellor will miss his balanced budget target, and today we have seen zero growth in the economy. At the same time, Mr Dominic Cummings has demanded cuts in taxes and massive spending commitments, so the Chancellor has resorted to floating a possible raid on middle-income pensions, a mansion tax—once described as Marxist—and a 5% cuts round to find some money to pay for Mr Cummings’s demands. Yet in the real world out there, the victims of Wonga, the payday loan company, were told a fortnight ago that they would receive less than 5% of the compensation that they are owed. Will the Chancellor take a break from his arm-wrestling with Mr Cummings, and introduce measures to compensate the Wonga victims fully?

I think that I have to correct myself. I said that there was talent throughout the country, but, judging by what we have just heard, I do not think that that includes the Labour party.

There is all sorts of speculation about the Budget, and I am not going to respond to that. However, the right hon. Gentleman will know that when the Budget is published, it will be published alongside a report by the independent Office for Budget Responsibility. Those are the figures that are going to matter, not the ones that are speculated about in the press. As for growth, the right hon. Gentleman will also know that although there has been a fall in global growth, the International Monetary Fund forecasts that Britain will grow faster this year than France, Germany, Italy and Japan.

I think that I have to correct myself. I said that there was talent throughout the country, but, judging by what we have just heard, I do not think that that includes the Labour party.

There is all sorts of speculation about the Budget, and I am not going to respond to that. However, the right hon. Gentleman will know that when the Budget is published, it will be published alongside a report by the independent Office for Budget Responsibility. Those are the figures that are going to matter, not the ones that are speculated about in the press. As for growth, the right hon. Gentleman will also know that although there has been a fall in global growth, the International Monetary Fund forecasts that Britain will grow faster this year than France, Germany, Italy and Japan.

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to support previous customers of Wonga who have outstanding complaints against that company since it entered administration.

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to support previous customers of Wonga who have outstanding complaints against that company since it entered administration.

To ask the right hon. Member for Meriden, representing the Church Commissioners, what progress the Church of England has made on bringing together organisations and people of good will to buy the Wonga loan book.

To ask the right hon. Member for Meriden, representing the Church Commissioners, what progress the Church of England has made on bringing together organisations and people of good will to buy the Wonga loan book.

I pay tribute to the right hon. Gentleman for his extensive work on this issue. The Archbishop of Canterbury has been in discussions with the charity and finance sectors about how to minimise the potential harm to Wonga’s former customers who are unable to pay back their loans. We are hopeful that debt collection best practice will be applied in recovering any outstanding debts.

I pay tribute to the right hon. Gentleman for his extensive work on this issue. The Archbishop of Canterbury has been in discussions with the charity and finance sectors about how to minimise the potential harm to Wonga’s former customers who are unable to pay back their loans. We are hopeful that debt collection best practice will be applied in recovering any outstanding debts.

I thank the right hon. Lady for that reply. With reference to the written answer she gave me about how the commissioners are using their huge portfolio of funds to push firms in the right direction, does she accept that the list of firms whose annual general meetings the commissioners turned up at to push social justice was short and rather disappointing? Will she meet with me urgently to see how that programme can be extended?

I thank the right hon. Lady for that reply. With reference to the written answer she gave me about how the commissioners are using their huge portfolio of funds to push firms in the right direction, does she accept that the list of firms whose annual general meetings the commissioners turned up at to push social justice was short and rather disappointing? Will she meet with me urgently to see how that programme can be extended?

I am happy to meet with the right hon. Gentleman, and I would have been delighted to discuss his idea about the Wonga loan book before it was in the public domain. The Church of England paid close attention to his proposal and took the view that others are better placed to take the matter forward. However, going to AGMs is not the only intervention that Church Commissioners can make when trying to influence business and corporate policy in an ethical direction. That can also be done in writing and meetings do take place with a large number of companies.

I am happy to meet with the right hon. Gentleman, and I would have been delighted to discuss his idea about the Wonga loan book before it was in the public domain. The Church of England paid close attention to his proposal and took the view that others are better placed to take the matter forward. However, going to AGMs is not the only intervention that Church Commissioners can make when trying to influence business and corporate policy in an ethical direction. That can also be done in writing and meetings do take place with a large number of companies.

To reduce future reliance on loan companies such as Wonga, what is the Church of England doing to encourage personal financial education in its schools?

To reduce future reliance on loan companies such as Wonga, what is the Church of England doing to encourage personal financial education in its schools?

That is a good question. We obviously want to try to prevent the sort of situation that has arisen for Wonga’s customers. The Church of England’s primary focus is on tackling indebtedness in three ways: teaching children about financial literacy through the Just Finance Foundation, working to increase access to responsible credit, and supporting organisations such as Christians Against Poverty, which provides advice and debt counselling.

That is a good question. We obviously want to try to prevent the sort of situation that has arisen for Wonga’s customers. The Church of England’s primary focus is on tackling indebtedness in three ways: teaching children about financial literacy through the Just Finance Foundation, working to increase access to responsible credit, and supporting organisations such as Christians Against Poverty, which provides advice and debt counselling.

What else can be done to get more Church of England investment into ethical businesses? Could the Church play a hands-on role in assisting ethical businesses in some of our most disadvantaged communities?

What else can be done to get more Church of England investment into ethical businesses? Could the Church play a hands-on role in assisting ethical businesses in some of our most disadvantaged communities?

The Church Commissioners are advised by the ethical investment advisory group and a very clear direction is given to asset managers about the sectors of the economy that the Church will not invest in on ethical grounds—for example, pornography and tobacco. The Church has recently played very close attention to the practice of the extractive industries and has had not a little success through its shareholder engagement in getting companies involved to change their policy towards tackling climate change.

The Church Commissioners are advised by the ethical investment advisory group and a very clear direction is given to asset managers about the sectors of the economy that the Church will not invest in on ethical grounds—for example, pornography and tobacco. The Church has recently played very close attention to the practice of the extractive industries and has had not a little success through its shareholder engagement in getting companies involved to change their policy towards tackling climate change.

I beg to move,

That this House—

(1) approves the Second Report of the Committee on Privileges (House of Commons Paper No. 672);

(2) endorses the recommendation in paragraph 12; and

(3) accordingly suspends Justin Tomlinson from the service of the House for a period of two sitting days, beginning on Tuesday 11 October.

The...

I beg to move,

That this House—

(1) approves the Second Report of the Committee on Privileges (House of Commons Paper No. 672);

(2) endorses the recommendation in paragraph 12; and

(3) accordingly suspends Justin Tomlinson from the service of the House for a period of two sitting days, beginning on Tuesday 11 October.

The...

I thank the Leader of the House for his statement. On this, my first appearance as shadow Leader of the House, I would also like to thank my predecessor, my hon. Friend the Member for Newport West (Paul Flynn), for his hard work. I agree with the Leader of the...

I thank the Leader of the House for his statement. On this, my first appearance as shadow Leader of the House, I would also like to thank my predecessor, my hon. Friend the Member for Newport West (Paul Flynn), for his hard work. I agree with the Leader of the...

This case came to light when Wonga contacted the Parliamentary Commissioner for Standards in June 2015 to say that he had evidence that appeared to show that two years earlier the hon. Member for North Swindon (Justin Tomlinson) had provided a draft report by the Committee of Public Accounts to...

This case came to light when Wonga contacted the Parliamentary Commissioner for Standards in June 2015 to say that he had evidence that appeared to show that two years earlier the hon. Member for North Swindon (Justin Tomlinson) had provided a draft report by the Committee of Public Accounts to...

Motion, That this House: (1) approves the Second Report of the Committee on Privileges (House of Commons Paper No. 672); (2) endorses the recommendation in paragraph 12; and (3) accordingly suspends Justin Tomlinson from the service of the House for a period of two sitting days, beginning on Tuesday 11 October. Agreed to on question.

Motion, That this House: (1) approves the Second Report of the Committee on Privileges (House of Commons Paper No. 672); (2) endorses the recommendation in paragraph 12; and (3) accordingly suspends Justin Tomlinson from the service of the House for a period of two sitting days, beginning on Tuesday 11...

To ask the Attorney-General what discussions have taken place between the Financial Conduct Authority and the Serious Fraud Office on the recent finding by that regulator that Wonga sent letters to debtors from non-existent solicitors demanding payment.

To ask the Attorney-General what discussions have taken place between the Financial Conduct Authority and the Serious Fraud Office on the recent finding by that regulator that Wonga sent letters to debtors from non-existent solicitors demanding payment.

To ask the Attorney-General what consideration the Serious Fraud Office has given to investigating Wonga, for fraud by false representation under section 2 of the Fraud Act 2006.

To ask the Attorney-General what consideration the Serious Fraud Office has given to investigating Wonga, for fraud by false representation under section 2 of the Fraud Act 2006.

To ask the Attorney-General whether the Crown Prosecution Service has been contacted for investigative advice by any police force in England and Wales with regard to the possible criminal liability following the findings by the Financial Conduct Authority that Wonga has been threatening debtors with letters from fake law firms.

To ask the Attorney-General whether the Crown Prosecution Service has been contacted for investigative advice by any police force in England and Wales with regard to the possible criminal liability following the findings by the Financial Conduct Authority that Wonga has been threatening debtors with letters from fake law firms.

(4) what requirement will be placed on Wonga to track down the address of each customer due financial compensation for unfair and misleading debt collection practices.

Paul Flynn:

(4) what requirement will be placed on Wonga to track down the address of each customer due financial compensation for unfair and misleading debt collection practices.

Paul Flynn:

Wonga’s appalling deception and dishonesty has been laid bare. May we have a statement from the Chancellor on why that company or any of its directors should ever hold a credit licence again, or is the Government’s priority and focus the protection of Tory party friends and donors?

Wonga’s appalling deception and dishonesty has been laid bare. May we have a statement from the Chancellor on why that company or any of its directors should ever hold a credit licence again, or is the Government’s priority and focus the protection of Tory party friends and donors?

May we have emergency legislation on compensation and compound interest? We should make Wonga pay out not £2.6 million compensation for unfair practice but, at its own outrageous interest rates of 5,853%, £203 trillion. Perhaps then it would understand the misery that it causes.

May we have emergency legislation on compensation and compound interest? We should make Wonga pay out not £2.6 million compensation for unfair practice but, at its own outrageous interest rates of 5,853%, £203 trillion. Perhaps then it would understand the misery that it causes.

Further to the earlier remarks by the Leader of the House, may we have a debate on better regulation and the payday lender parasites, Wonga, whose sending of threatening letters from non-existent law firms to 45,000 customers is nothing short of a disgrace?

Further to the earlier remarks by the Leader of the House, may we have a debate on better regulation and the payday lender parasites, Wonga, whose sending of threatening letters from non-existent law firms to 45,000 customers is nothing short of a disgrace?

The latter part of the hon. Gentleman’s remarks is uncalled for and inaccurate. He knows that. Members on both sides of the House will have been shocked by what they saw and the Financial Conduct Authority has taken important action on the matter. I am not in a position to...

The latter part of the hon. Gentleman’s remarks is uncalled for and inaccurate. He knows that. Members on both sides of the House will have been shocked by what they saw and the Financial Conduct Authority has taken important action on the matter. I am not in a position to...

The hon. Gentleman will recall the steps that were taken in the previous Session to put a cap on payday lending. We responded to some of the issues. It is important for the Financial Conduct Authority to ensure that this perfectly legitimate business is undertaken in a legitimate fashion. When...

The hon. Gentleman will recall the steps that were taken in the previous Session to put a cap on payday lending. We responded to some of the issues. It is important for the Financial Conduct Authority to ensure that this perfectly legitimate business is undertaken in a legitimate fashion. When...

I agree; it was disgraceful. The hon. Gentleman will have heard what I said to other Members about discussing with my colleagues at the Treasury how they might inform the House about the response to that situation. Of course, the case was announced only yesterday by the Financial Conduct Authority,...

I agree; it was disgraceful. The hon. Gentleman will have heard what I said to other Members about discussing with my colleagues at the Treasury how they might inform the House about the response to that situation. Of course, the case was announced only yesterday by the Financial Conduct Authority,...