To ask the Chancellor of the Exchequer what steps his Department proposes to take on overcharging in relation to payment protection insurance policies as reported by the Competition Commission. (220868)

The Competition Commission's report of 5 June 2008 on payment protection insurance is a provisional findings report. Her Majesty's Treasury will maintain a close dialogue with industry and the independent Financial Ombudsman Service, Financial Services Authority, Competition Commission, and the Office of Fair Trading.