Written Question·Treasury·UIN 192307

Credit

Tabled: 4 July 2023
Answered: 10 July 2023
Named Day

Question

Ms Stella Creasy

Labour (Co-op)Walthamstow

To ask the Chancellor of the Exchequer, whether he has made an estimate of the number of (a) customers using buy now pay later products, (b) buy now pay later loans taken out and (c) the number of defaults for buy now pay later (i) products and (ii) loans

Answer

Andrew Griffith
HM Treasury regularly monitors changes in the consumer credit market as part of its normal process of policy development. However, it does not hold precise information on the number of customers using Buy-Now Pay-Later (BNPL) products, the number of BNPL ...

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