Business of the House

Jeremy Lefroy Excerpts

Thursday 17th October 2013 Commons Chamber

[Tom Brake]

I thank the hon. Gentleman. It was all going so well until the last phrase. In fact, I misheard it so I will just stick with the first part. I think it is entirely appropriate for deputies to take over on the occasions when they are required to do so. I was rather expecting my shadow, the hon. Member for Penistone and Stocksbridge (Angela Smith), to take over for today as well; I am not quite sure what happened there.

[Jeremy Lefroy (Stafford) (Con)]

Today is international credit union day and the Bishop of Stafford is opening in a Stafford department store a branch of the Staffordshire credit union, with which I have an account. Could we have a debate on how credit unions can provide viable and excellent competition against payday lenders and other forms of credit on the high street?

[Tom Brake]

The hon. Gentleman makes a valid point. Perhaps I should declare an interest as a member of the Croydon, Sutton and Merton credit union. Clearly, there is real potential for credit unions to enter the market and provide people with loans at low rates of interest and to make a sustainable contribution. I am sure that Members of all parties are interested in the subject of credit unions, so the hon. Gentleman may want to consider making representations to the Backbench Business Committee through an all-party delegation.