Consumer Credit Bill

I sympathise with the right reverend Prelate the Bishop of Worcester’s comments regarding the unattractive aspects of the explosion in credit markets. We have, I hope, tried to tackle concerns such as unsolicited increases in credit limits, issues of credit cards and credit card cheques by specific amendments. In that way, we believe that the balance will be attained. But we absolutely believe that everyone needs to know where they stand—an example of which is the powers of the OFT.