Oral Answers to Questions

Paul Blomfield Excerpts

Wednesday 7th March 2012 Commons Chamber

[The Prime Minister]

I do want to see a ban introduced. It is the overwhelming opinion of Members in this House. We are putting in place a regulatory scheme in the short term, but my right hon. Friend the Environment Secretary made it absolutely clear that it is our intention to introduce a ban in full as well.

[Paul Blomfield (Sheffield Central) (Lab)]

Q6. Today, the Business, Innovation and Skills Committee published a major report on consumer debt. Last November R3 reported that 60% of people were worried about debt and 3.5 million were considering payday loans. In the year since the Government concluded their consultation, no action has been announced. Will the Prime Minister commit to act now to protect vulnerable families, or will he accept that he is simply out of touch with the financial reality facing them as a result of his policies?

[The Prime Minister]

I think, as the last exchange just proved, we are worried about debt. The whole country needs to be worried about debt, and the problem is that the Labour party does not seem to understand that there is a debt problem. There has been a debt problem in our economy, there is also a debt problem for many households, and we do need to make sure that they get help. That is why we are making sure that citizens advice bureaux continue to get help, as they are one of the most important services for helping families in that way.