Loans: Interest Rates

Ms Gisela Stuart
To ask the Minister of State, Department for Business, Innovation and Skills if he will consider the merits of introducing a maximum interest rate chargeable in respect of unsecured personal loans.

Kevin Brennan
The Government will be giving broad consideration to the issue of unsecured credit in the Consumer White Paper, which is to be published in early July. It would be inappropriate to pre-empt any announcements to be made in that White Paper.