Office of Fair Trading Debate

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Department: Leader of the House

Office of Fair Trading

Lord Kennedy of Southwark Excerpts
Monday 13th February 2012

(12 years, 3 months ago)

Lords Chamber
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Baroness Wilcox Portrait Baroness Wilcox
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The noble Lord was a very fine lawyer in his time, as I can witness, because he worked for me once and we won, wonderfully. I am inclined to want to agree with him, but at the moment the consultation is going through and I cannot make any statement at this stage. But I shall be interested in his views when the Government come out with theirs in the next few weeks after the finalisation of the consultation.

Lord Kennedy of Southwark Portrait Lord Kennedy of Southwark
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Will the Minister agree to speak to the Office of Fair Trading? One area that it could shed a bit more light on is payment protection insurance misselling claims. A whole industry has developed around it whereby people can put a claim in; they can go to a company, are given 25 per cent of the money that they have lost, and have to pay the companies. That is quite disgraceful.

Baroness Wilcox Portrait Baroness Wilcox
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The Office of Fair Trading is of course an independent body and is best placed to balance the work that it does; it is not the Government’s place to tell it what to do.