Breathing Space Scheme

Debate between Edward Leigh and John Glen

Wednesday 19th June 2019 Commons Chamber

[John Glen]

The hon. Lady raises two points. I was not familiar with the Debt Hacker app, but I will seek it out because it sounds like a very worthwhile initiative. I respectfully say to her that in the fourth quarter of 2018 debt as a percentage of household income was 139%, whereas 10 years previously it was 160%. I recognise that households are experiencing strain, but it is not quite as dire as she makes out.

[Sir Edward Leigh (Gainsborough) (Con)]

Loan sharks are the unacceptable face of capitalism, but this is a complex area and the Government should proceed with caution. Confidence in the market, and in capitalism more generally, depends crucially on the payment of debt. I very much hope that the Government will consult widely with the industry, particularly with credit card companies, and consider piloting, because there are unintended consequences of Governments, in their dying days, trying to virtue-signal and regulate more but actually doing more damage than good. Therefore, please may we have piloting and widespread consultation?

[John Glen]

I am grateful to my right hon. Friend for his observations. This is not virtue-signalling; it is delivering on a manifesto commitment with the sectors involved, carefully and methodically. We rightly have a robust regulator with powers to deal with exploitative credit providers. As I indicated earlier, we are not complacent. I observe his concerns about ensuring that we implement this appropriately and with the wide assent of the industry.

Oral Answers to Questions

Debate between Edward Leigh and John Glen

Thursday 21st December 2017 Commons Chamber

[John Glen]

I was delighted to see that the Manchester combined authority, which includes Rochdale, received £250,000 from the libraries opportunities for everyone fund. I will continue to work with the libraries taskforce to extend benchmarks, toolkits and best practices, and to look at different models of delivering services to ensure that libraries continue to thrive, as we see in Rochdale.

[Sir Edward Leigh (Gainsborough) (Con)]

6. What recent assessment she has made of progress towards the target of 95% superfast broadband coverage.