Oral Answers to Questions

Lord Hanson of Flint Excerpts

Thursday 6th March 2014 Commons Chamber

[Matthew Hancock]

Of course some businesses are dependent on lending and it is very important to ensure that that problem is sorted out, but my hon. Friend rightly raises the fact that many businesses have an increasing amount of cash on their balance sheets. Encouraging them to get out and spend that cash and invest is an absolutely critical reason for increasing business confidence. I am delighted that business confidence is at record levels. Northamptonshire is one of the most supportive places for business and has recently won an award for exactly that.

[Mr David Hanson (Delyn) (Lab)]

7. What recent assessment he has made of the number of complaints and the level of consumer detriment relating to estate agents’ practices in England and Wales.

[Susan Elan Jones (Clwyd South) (Lab)]

16. What recent assessment he has made of the number of complaints and the level of consumer detriment relating to estate agents’ practices in England and Wales.

[The Parliamentary Under-Secretary of State for Business, Innovation and Skills (Jenny Willott)]

Citizens Advice received 2,831 calls on issues concerning estate agents from February 2013 to January 2014. The Office of Fair Trading investigated 114 complaints against estate agents from April 2013 to October 2013. Trading Standards continues to carry out enforcement activity against rogue estate agents. From 1 April, the Competition and Markets Authority will work with other consumer bodies to monitor the level of detriment relating to estate agents’ practices.

[Mr Hanson]

There is growing concern about the process of sale by tender, which has the potential to push up costs for both vendor and purchaser. Does the Minister share that concern?

[Jenny Willott]

This particular issue has not been raised with me, but I am happy to take it up with the enforcement authorities and the two redress schemes. I will ask the Office of Fair Trading and the CMA to consider the matter on behalf of the right hon. Gentleman.