Richard Burden – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Richard Burden on 2016-01-26.

To ask Mr Chancellor of the Exchequer, pursuant to the oral Answer from the Prime Minister on 9 December 2015, Official Report, column 982, how the National Illegal Money Lending Team England will be funded; and if he will make a statement.

Harriett Baldwin

To ensure that the perimeter of the consumer credit market is adequately policed, the Government will be introducing an amendment to the Bank of England and Financial Services Bill to provide for illegal money lending teams throughout the UK to in future be funded by a levy on the consumer credit industry, collected by the FCA.