Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of increasing the amount of protection provided on single-item purchases under section 75 of the Consumer Credit Act 1974.

The Government recognises the importance of strong consumer protections in credit markets, including those provided under Section 75 of the Consumer Credit Act 1974. These protections help to build consumer confidence and trust, which are essential for a well-functioning credit market.

We are currently undertaking a comprehensive reform of the Consumer Credit Act to ensure it is fit for purpose in today’s modern credit landscape. Our reforms aim to simplify and modernise the framework, making it more proportionate and outcomes-focused, while ensuring that it provides robust consumer protections - such as those under Section 75. We will provide an update on the next steps in due course.