Commons Sense

House of Commons · Westminster Hall

Credit Union Legislation And Financial Products For Decarbonisation

14 December 2021 · 0 other contributors · 656 words

Opened by John Glen Con Salisbury

Responding minister: Not recorded

EconomyEnergy

Summarised by AI from the official record, so it can contain mistakes.

Read the full transcript on Parliament.uk

At a glance

John Glen raised concerns about credit union legislation and financial products for decarbonisation in Westminster Hall. Response awaited from government.

Key points

  • Concerns raised about the need to continue working with credit unions and other organisations in the constituency.
  • Championed the no-interest loans scheme, highlighting its success but emphasizing the need for further development.
  • Called for more financial products to help decarbonise UK housing stock.

Key requests to Government

I want to introduce legislation next year to address outstanding concerns within the credit union sector and bring forward Dormant Assets Bill proposals for funding access to affordable credit products, including those from credit unions. I also seek to update the Building Societies Act 1986 to provide building societies with greater flexibility in their funding model.

How the debate unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said.

Opened the debate

John Glen Con Salisbury

I am concerned about the need to continue working with credit unions and other organisations in my constituency. I have championed the no-interest loans scheme, which has been a success but needs further development. Additionally, there is a need for more financial products that can help decarbonise UK housing stock.

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