Credit: Licensing
Commons · Question 91223 · Tabled 14 Nov 2025 · Treasury · Official record
Answered 24 Nov 2025
Question
Asked by Martin Wrigley
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of re-introducing a consumer credit license.
Answer
Answered by Lucy Rigby, 24 Nov 2025
Businesses must be authorised by the Financial Conduct Authority (FCA) to provide credit to consumers unless an exemption applies. Lending without FCA authorisation is illegal and punishable by up to two years in prison and/or a fine.