Ian Austin – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Ian Austin on 2016-01-07.

To ask the Secretary of State for Business, Innovation and Skills, how many illegal money lenders Illegal Money Lending Units prevented from operating in 2015.

Nick Boles

According to the National Trading Standards Annual report 2014/15, the England and Wales illegal money lending teams commenced 365 operations into 756 suspected money lenders in 2014/15.

In the same period 42 individuals were charged or had proceedings instituted against them for illegal money lending in England and Wales. Trading Standards Scotland referred a further 9 individuals to the Procurator Fiscal for illegal money lending in 2014/15.