Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the decision by Barclays Partner Finance to refund loans issued between April 2014 and April 2016 by defunct timeshare operator Azure Services Ltd.

The Government is aware of the decision by Barclays Partner Finance to refund loans issued between April 2014 and April 2016 by Azure Services Ltd. The Government is also aware of a campaign for other consumers to receive compensation for loans outside the April 2014 – April 2016 period. Any potential broader policy implications of this decision will primarily be for the Financial Conduct Authority, given their responsibility for the regulation of consumer credit, which operates independently of government.