High Cost Credit Bill
Debate between Jo Swinson and Baroness Keeley
Jo Swinson
I will give way to the hon. Member for Birmingham, Northfield (Richard Burden) and then to the hon. Member for Worsley and Eccles South (Barbara Keeley), and then I will make some progress.
Jo Swinson
I said that I would give way to the hon. Member for Worsley and Eccles South and then make some progress, but I will be happy to take further interventions later.
Barbara Keeley
I thank the Minister for giving way; she is being generous with her time. As somebody who had a private Member’s Bill that was blocked last year by the guys on the Government back row, I have to say that this is unfortunate. My Bill was a valuable Bill which would have really helped carers and the identification of carers. This is also a valuable Bill which would help people who are in debt. It would be very helpful if the Minister would support its going into Committee, because that could help build a really good public campaign, which is what I intended to happen with my private Member’s Bill. It would be an absolute waste if she let her colleagues on the Government back row talk this Bill out.
Jo Swinson
I share the hon. Lady’s frustrations, having supported private Members’ Bills on Fridays in the past, such as the Climate Change and Sustainable Energy Bill proposed by the hon. Member for Edinburgh North and Leith (Mark Lazarowicz). Ultimately, it got through and was enacted, but getting there was a painful process.
I hope that I will be able to reassure the House on the issue of protecting vulnerable people and taking action on their behalf. Significant action is already being taken. Today’s debate is helpful in raising the issue’s profile, so I thank the hon. Member for Sheffield Central for promoting the Bill, but there is a sticking point with regard to the independence of the FCA and its role as a regulator with real teeth that is able to set its own rules.