Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment has been made of the number of people employed in contracts without guaranteed hours who have been refused credit because of their employment.

The Government has published its Impact Assessments for the Bill. Without guaranteed hours, workers are without certainty as to their earnings, making it difficult to apply for credit or a mortgage. The new right to guaranteed hours aims to ensure that all jobs provide a baseline of security and predictability - making it easier for qualifying workers to plan their lives and finances.

Consumer credit firms regulated by the Financial Conduct Authority (FCA) must follow the FCA’s detailed rules on affordability checks. FCA rules mean that firms should only lend to consumers who can afford repayments and this should be based on a careful assessment of their income, spending, and financial commitments. These rules aim to prevent over-indebtedness, promote responsible lending, and ensure fair treatment of customers.