Oral Answers to Questions

Debate between Ed Davey and Baroness Chapman of Darlington

Thursday 17th February 2011 Commons Chamber

[Mrs Jenny Chapman (Darlington) (Lab)]

We found out this morning that Wonga, the payday lender, has raised £73 million to expand its operations across the country into even more communities. When are this Government going to get a grip on these legal loan sharks?

[Mr Davey]

As my right hon. Friend the Secretary of State said earlier, we are waiting to respond to the consultation on consumer credit and personal insolvency, which will deal with all aspects of consumer credit. I am not aware of the particular point that the hon. Lady has made, but when we respond I hope that she will welcome our ideas.