National Debt

Lord Lea of Crondall Excerpts

Wednesday 14th March 2018 Lords Chamber

[Lord Bates]

There are two things that we can do. One we have done already: the action that we took on payday loans, placing a cap on the appalling rates of interest that were being charged, was the right thing to do. Extending that to other areas of financial services is also right. But ultimately, the best thing that we can do for people who are struggling with debt is to provide work and opportunities so that they can repay that debt and provide a living and a hope for the future of their families.

[Lord Lea of Crondall (Lab)]

My Lords, is the Minister aware—

[Lord Hamilton of Epsom (Con)]

This side, my Lords. I ask my noble friend to resist the siren call from the Liberal Democrat Benches—