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Public Bill Committee: 24 May 2011                     

141

 

Finance (No. 3) Bill, continued

 
 

Review of the bank levy

 

Stella Creasy

 

David Miliband

 

Mrs Jenny Chapman

 

Steve Rotheram

 

Mr Graham Allen

 

Alex Cunningham

 

Tony Lloyd

 

Hazel Blears

 

Dan Jarvis

 

Clive Efford

 

Sammy Wilson

 

NC3

 

To move the following Clause:—

 

‘(1)    

The Government shall lay before Parliament a review of the bank levy which will

 

consider whether the levy should be applied to groups judged by the Financial

 

Services Authority (or its successor body) to have engaged in high cost credit

 

lending which is detrimental to consumers. This review shall consider the

 

following matters—

 

(a)    

the impact such an application could have on the provision of high cost

 

credit to consumers;

 

(b)    

the timetable for imposition of the banking levy to prevent further

 

consumer detriment in the provision of high cost credit;

 

(c)    

the consequences of a failure by Government to intervene in the high cost

 

credit market for UK consumers; and

 

(d)    

at what level the levy should be set at for such bodies so as to discourage

 

lending in a manner which is detrimental to consumers.’.

 

 

Order of the House [26 April 2011]

 

That—

 

1.    

Clauses 4, 7, 10, 19, 35 and 72 be committed to a Committee of the whole

 

House.

 

2.    

The remainder of the Bill be committed to a Public Bill Committee.

 

3.    

When the provisions of the Bill considered by the Committee of the whole

 

House and the Public Bill Committee have been reported to the House, the

 

Bill be proceeded with as if it had been reported as a whole to the House from

 

the Public Bill Committee.

 


 
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