Oral Answers to Questions

Debate between Lord Lancaster of Kimbolton and Rishi Sunak

Monday 13th July 2015 Commons Chamber

[Mark Lancaster]

As I mentioned, the Secretary of State has already written to the chief executives of the 350 largest companies, but the House could do worse than follow the example set by my hon. Friend who is, I know, a champion of the armed forces in his constituency. In light of that, I intend to write to all hon. Members to offer them an information pack and to encourage them to engage with companies in their constituencies, so that we can extend the corporate covenant across the UK.

[Rishi Sunak]

My constituents at Catterick garrison welcome the 2% commitment, but commercial disadvantage often bedevils them when it comes to areas such as insurance and mortgages. Can my hon. Friend update the House on how he is working with companies to tackle that disadvantage?

[Mark Lancaster]

The Government have taken a number of steps to level the playing field for those in the military who seek financial products. We have secured a pledge from the UK Cards Association, the British Bankers Association and the Council of Mortgage Lenders to notify their members that those who serve in the armed forces should not be disadvantaged because of their occupation, and that applications for credit and mortgages should be treated fairly and consistently.