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Credit: Insurance

Volume 495: debated on Friday 3 July 2009

To ask the Minister of State, Department for Business, Innovation and Skills how many applications have been (a) received and (b) accepted for the credit insurance scheme announced in Budget 2009. (280728)

Take-up is demand-led as it depends on the number of credit limit reductions in the private sector. We publish information on scheme take-up on a monthly basis. In May, the first month in which the scheme was operational, there were 13 policies written, to a value of £718,000.