Examination of Witnesses (Questions 200
TUESDAY 4 DECEMBER 2001
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
(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.