Liberal Democrats in Business

News and views from the Lib Dem Treasury, Trade and Industry Teams and the Liberal Democrat Business Forum

Credit Providers Must Act Responsibly In Run-up To Christmas - Bruce

10.10.00am GMT Thu 25th Nov 2004

Commenting on the launch of the OFT's campaign to highlight the importance of shopping around for credit, Malcolm Bruce MP, Liberal Democrat Shadow Trade and Industry Secretary, said: "Lending companies are unlikely to push safeguards on credit in the run-up to Christmas when people may be tempted to stretch their credit a little more than usual, so this campaign is particularly timely.

"The onus should not be entirely on the consumer. Banks and finance companies should provide reasonable information to ensure customers are able to make an appropriate choice of credit.

"But Turkey's don't vote for Christmas and if credit companies don't get their act together on this, Parliament may have to."

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[Previous news story]: Increase In Workplace Fatalities "Deeply Worrying" (Thu 18th Nov 2004).
[Next news story]: Government Bailing Out British Energy To Line U.S. Pockets - Stunnell (Tue 30th Nov 2004).

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Tue 6th Nov 2007:

[Banks Must Act More Responsibly - Goldsworthy]

Wed 10th Nov 2004:

[Christmas Strike Would Damage Royal Mail's Fight Back - Bruce]

Fri 23rd Apr 2004:

[Growing Remortgage Market: Lenders Must Act Responsibly]

Thu 11th Dec 2003:

[Foreign Investment Report: Europe's Backing Britain, Government Must Act Accordingly - Bruce]

Fri 5th Dec 2003:

[Export Credit Guarantee Underwrites Risk In Iraq - Bruce]

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