Select Committee on Treasury Minutes of Evidence


Examination of Witnesses (Questions 200 - 203)

TUESDAY 4 DECEMBER 2001

MR GUS O'DONNELL, MR NICHOLAS HOLGATE, MR ADAM SHARPLES, MR ALEX GIBBS AND MR JOHN KINGMAN

  200. I am delighted it has occurred to you but I would like to know if it is a part of Government's thinking? In other words, the unscrupulous lenders, what you are going to do?
  (Mr Holgate) Yes, I agree with you there is a potential problem there in encouraging people to save that they could borrow off other people.

  201. You have identified the problem but you have no solution?
  (Mr Holgate) I do not think I personally now have a precise solution, no, but it is something we have got to grapple with in designing the pilots to see whether we can protect people from that sort of eventuality happening to them.

  202. I wonder if you could share your thinking with the Committee and provide a note on that.
  (Mr Holgate) Sure.

  203. Meanwhile, can I thank you, Mr O'Donnell, and your colleagues for the very fruitful session this morning. It will help us enormously. Also, can I thank you for the efforts you have gone to in this exercise.
  (Mr O'Donnell) Thank you very much.



 
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