Skip to main content

Gambling (Taxes)

Volume 976: debated on Tuesday 20 November 1979

The text on this page has been created from Hansard archive content, it may contain typographical errors.

sent permitted levels of credit available from this source.

[pursuant to his reply,16 November 1979]: No detailed information is available on credit card lending. Such lending is included within the total of bank lending to persons, which is itself a relatively small part of total bank lending. To impose direct controls exclusively on this form of lending would tend to encourage the growth of other forms with little net impact on the growth of credit in total. However, credit card lending, like any other, will be affected by our interest rate policy.