Oral Answers to Questions

Debate between Neil Parish and Tony Baldry

Thursday 21st November 2013 Commons Chamber

[Sir Tony Baldry]

That credit union is a model one. This will be a generational change; it will not happen overnight. We all need to support the credit union movement to ensure that those on low incomes and those who may have difficulties accessing credit do not fall into the hands of loan sharks. We are determined to take forward the building up of the credit union movement in this country.

[Neil Parish (Tiverton and Honiton) (Con)]

Following on from the credit union question, the Church of England has many assets and quite a lot of cash investments, could it not invest that directly in a credit union to help the situation?

[Sir Tony Baldry]

My hon. Friend will find that something like 45 bishops in at least 31 dioceses have already been involved in a range of activities to support and raise awareness of credit unions, including investing in them.