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CELEBRITY ENDORSEMENT OF SECURED DEBT PRODUCTS

EDM (Early Day Motion) 2114: tabled on 08 May 2006

Tabled in the 2005-06 session.

This motion has been signed by 70 Members. It has received 1 amendment.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Amendment to this motion

There has been an amendment submitted to this motion.

View details of the amendment

Motion text

That this House is concerned about rising levels of secured debt, due in part to celebrity endorsement of such products, particularly from individuals who are well known for their mathematical skills which gives the impression that such products are financially safe; notes that failing to repay secured loans can result in losing one's home or leave people locked into long-term debts which means the overall interest cost is substantially increased; further notes that rates from secured debt companies are often higher than unsecured loans from high street lenders and much higher than re-mortgages which is one of the viable alternatives; believes that secured debt companies should take up a charter of responsible advertising that only targets those limited niche individuals who would actively benefit from secured debt; and further notes that lowering monthly repayments, which increases the cost of the loans because the interest is spread over a longer period, should never be portrayed as saving people money.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Abbott, Ms Diane
Labour
Signed on 17 May 2006
Hackney North and Stoke Newington
Anderson, Janet
Labour
Signed on 11 May 2006
Rossendale and Darwen
Banks, Gordon
Labour
Signed on 8 May 2006
Ochil and South Perthshire
Blackman-Woods, Dr Roberta
Labour
Signed on 8 May 2006
City of Durham
Bottomley, Sir Peter
Conservative
Signed on 9 May 2006
Worthing West
Brake, Tom
Liberal Democrat
Signed on 14 June 2006
Carshalton and Wallington
Breed, Mr Colin
Liberal Democrat
Signed on 9 May 2006
South East Cornwall
Brooke, Annette
Liberal Democrat
Signed on 25 May 2006
Mid Dorset and North Poole
Brown, Lyn
Labour
Signed on 8 May 2006
West Ham
Bryant, Chris
Labour
Signed on 11 May 2006
Rhondda
Butler, Ms Dawn
Labour
Signed on 9 May 2006
Brent South
Cable, Dr Vincent
Liberal Democrat
Signed on 15 May 2006
Twickenham
Caton, Mr Martin
Labour
Signed on 9 May 2006
Gower
Conway, Derek
Conservative
Signed on 23 May 2006
Old Bexley and Sidcup
Cook, Frank
Labour
Signed on 23 May 2006
Stockton North
Cooper, Rosie
Labour
Signed on 23 May 2006
West Lancashire
Corbyn, Jeremy
Labour
Signed on 10 May 2006
Islington North
Crausby, Mr David
Labour
Signed on 24 May 2006
Bolton North East
Cryer, Mrs Ann
Labour
Signed on 11 May 2006
Keighley
Dean, Mrs Janet
Labour
Signed on 9 May 2006
Burton
Dismore, Mr Andrew
Labour
Signed on 12 May 2006
Hendon
Drew, Mr David
Labour
Signed on 11 May 2006
Stroud
Engel, Mrs Natascha
Labour
Signed on 8 May 2006
North East Derbyshire
Etherington, Bill
Labour
Signed on 5 June 2006
Sunderland North
Evans, Mr Nigel
Conservative
Signed on 9 May 2006
Ribble Valley
Featherstone, Lynne
Liberal Democrat
Signed on 17 July 2006
Hornsey and Wood Green
Flynn, Paul
Labour
Signed on 10 May 2006
Newport West
George, Andrew
Liberal Democrat
Signed on 9 May 2006
St Ives
Gidley, Sandra
Liberal Democrat
Signed on 7 June 2006
Romsey
Godsiff, Mr Roger
Labour
Signed on 17 May 2006
Birmingham, Sparkbrook and Small Heath
Goodman, Helen
Labour
Signed on 12 May 2006
Bishop Auckland
Hancock, Mr Mike
Liberal Democrat
Signed on 9 May 2006
Portsmouth South
Hodgson, Mrs Sharon
Labour
Signed on 8 May 2006
Gateshead East and Washington West
Holmes, Paul
Liberal Democrat
Signed on 9 May 2006
Chesterfield
Hunter, Mark
Liberal Democrat
Signed on 10 May 2006
Cheadle
Illsley, Mr Eric
Labour
Signed on 10 May 2006
Barnsley Central
Jenkins, Mr Brian
Labour
Signed on 25 May 2006
Tamworth
Jones, Lynne
Labour
Signed on 9 May 2006
Birmingham, Selly Oak
Keetch, Mr Paul
Liberal Democrat
Signed on 25 May 2006
Hereford
Lamb, Norman
Liberal Democrat
Signed on 22 May 2006
North Norfolk
Lazarowicz, Mark
Labour
Signed on 24 May 2006
Edinburgh North and Leith
Leech, Mr John
Liberal Democrat
Signed on 10 May 2006
Manchester, Withington
Lepper, David
Labour
Signed on 9 May 2006
Brighton, Pavilion
Llwyd, Mr Elfyn
Plaid Cymru
Signed on 10 May 2006
Meirionnydd Nant Conwy
MacNeil, Mr Angus
Scottish National Party
Signed on 9 May 2006
Na h-Eileanan an Iar
Malik, Mr Shahid
Labour
Signed on 8 May 2006
Dewsbury
McCafferty, Chris
Labour
Signed on 10 May 2006
Calder Valley
McCarthy, Kerry
Labour
Signed on 8 May 2006
Bristol East
McCrea, Rev Dr William
Democratic Unionist Party
Signed on 10 May 2006
South Antrim
McDonnell, John
Labour
Signed on 6 November 2006
Hayes and Harlington
McGovern, Mr Jim
Labour
Signed on 11 May 2006
Dundee West
Moffatt, Laura
Labour
Signed on 11 May 2006
Crawley
Naysmith, Dr Doug
Labour
Signed on 6 June 2006
Bristol North West
Pugh, Dr John
Liberal Democrat
Signed on 12 May 2006
Southport
Simpson, Alan
Labour
Signed on 11 May 2006
Nottingham South
Spink, Bob
Conservative
Signed on 9 May 2006
Castle Point
Swinson, Jo
Liberal Democrat
Signed on 25 July 2006
East Dunbartonshire
Ussher, Kitty
Labour
Signed on 8 May 2006
Burnley
Vis, Dr Rudi
Labour
Signed on 10 May 2006
Finchley and Golders Green
Waltho, Lynda
Labour
Signed on 8 May 2006
Stourbridge
Williams, Mrs Betty
Labour
Signed on 15 May 2006
Conwy
Williams, Hywel
Plaid Cymru
Signed on 25 July 2006
Caernarfon
Williams, Stephen
Liberal Democrat
Signed on 17 May 2006
Bristol West
Wyatt, Derek
Labour
Signed on 24 May 2006
Sittingbourne and Sheppey

There are no withdrawn signatures for this motion.

After a motion has been tabled, other Members can table amendments to it. Amendments to this motion are shown below.

CELEBRITY ENDORSEMENT OF SECURED DEBT PRODUCTS (Amendment 1)
leave out `mathematical' and insert `arithmetical'.
Labour, North West Leicestershire
4
signatures
EDM 2114A1: tabled on 9 May 2006