Celebrity Endorsement Of Secured Debt Products (EDM2114)

Celebrity Endorsement Of Secured Debt Products

EDM number 2114 in 2005-06, proposed by Sarah McCarthy-Fry on 08/05/2006.

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.

This motion has been signed by a total of 70 MPs.

MP	Date	Constituency	Party	Type
Sarah McCarthy-Fry	08/05/2006	Portsmouth North	Labour	Proposed
Barbara Keeley	08/05/2006	Worsley	Labour	Seconded
Madeleine Moon	08/05/2006	Bridgend	Labour	Seconded
Celia Barlow	08/05/2006	Hove	Labour	Seconded
Robert Flello	08/05/2006	Stoke-on-Trent South	Labour	Seconded
Si	08/05/2006	Swansea East	Labour	Seconded
Shahid Malik	08/05/2006	Dewsbury	Labour	Signed
Lynda Waltho	08/05/2006	Stourbridge	Labour	Signed
Kitty Ussher	08/05/2006	Burnley	Labour	Signed
Kerry McCarthy	08/05/2006	Bristol East	Labour	Signed
Natascha Engel	08/05/2006	North East Derbyshire	Labour	Signed
Lyn Brown	08/05/2006	West Ham	Labour	Signed
Roberta Blackman-Woods	08/05/2006	City of Durham	Labour	Signed
Gordon Banks	08/05/2006	Ochil and South Perthshire	Labour	Signed
Sharon Hodgson	08/05/2006	Gateshead East and Washington West	Labour	Signed
Paul Holmes	09/05/2006	Chesterfield	Liberal Democrat	Signed
Angus MacNeil	09/05/2006	Na h-Eileanan an Iar	Scottish National Party	Signed
Dawn Butler	09/05/2006	Brent South	Labour	Signed
Peter Bottomley	09/05/2006	Worthing West	Conservative	Signed
Mike Hancock	09/05/2006	Portsmouth South	Liberal Democrat	Signed
Andrew George	09/05/2006	St Ives	Liberal Democrat	Signed
Nigel Evans	09/05/2006	Ribble Valley	Conservative	Signed
Janet Dean	09/05/2006	Burton	Labour	Signed
Martin Caton	09/05/2006	Gower	Labour	Signed
Colin Breed	09/05/2006	South East Cornwall	Liberal Democrat	Signed
David Lepper	09/05/2006	Brighton, Pavilion	Labour	Signed
Lynne Jones	09/05/2006	Birmingham, Selly Oak	Labour	Signed
Bob Spink	09/05/2006	Castle Point	Conservative	Signed
John Leech	10/05/2006	Manchester, Withington	Liberal Democrat	Signed
Mark Hunter	10/05/2006	Cheadle	Liberal Democrat	Signed
Rudi Vis	10/05/2006	Finchley and Golders Green	Labour	Signed
Paul Flynn	10/05/2006	Newport West	Labour	Signed
William McCrea	10/05/2006	South Antrim	DUP	Signed
Jeremy Corbyn	10/05/2006	Islington North	Labour	Signed
Eric Illsley	10/05/2006	Barnsley Central	Labour	Signed
Elfyn Llwyd	10/05/2006	Meirionnydd Nant Conwy	Plaid Cymru	Signed
Chris McCafferty	10/05/2006	Calder Valley	Labour	Signed
Alan Simpson	11/05/2006	Nottingham South	Labour	Signed
Laura Moffatt	11/05/2006	Crawley	Labour	Signed
Chris Bryant	11/05/2006	Rhondda	Labour	Signed
Ann Cryer	11/05/2006	Keighley	Labour	Signed
David Drew	11/05/2006	Stroud	Labour	Signed
Janet Anderson	11/05/2006	Rossendale and Darwen	Labour	Signed
Jim McGovern	11/05/2006	Dundee West	Labour	Signed
John Pugh	12/05/2006	Southport	Liberal Democrat	Signed
Andrew Dismore	12/05/2006	Hendon	Labour	Signed
Helen Goodman	12/05/2006	Bishop Auckland	Labour	Signed
Vincent Cable	15/05/2006	Twickenham	Liberal Democrat	Signed
Betty Williams	15/05/2006	Conwy	Labour	Signed
Stephen Williams	17/05/2006	Bristol West	Liberal Democrat	Signed
Roger Godsiff	17/05/2006	Birmingham, Sparkbrook and Small Heath	Labour	Signed
Diane Abbott	17/05/2006	Hackney North and Stoke Newington	Labour	Signed
Norman Lamb	22/05/2006	North Norfolk	Liberal Democrat	Signed
Derek Conway	23/05/2006	Old Bexley & Sidcup	Conservative	Signed
Frank Cook	23/05/2006	Stockton North	Labour	Signed
Rosie Cooper	23/05/2006	West Lancashire	Labour	Signed
Mark Lazarowicz	24/05/2006	Edinburgh North and Leith	Labour	Signed
David Crausby	24/05/2006	Bolton North East	Labour	Signed
Derek Wyatt	24/05/2006	Sittingbourne and Sheppey	Labour	Signed
Paul Keetch	25/05/2006	Hereford	Liberal Democrat	Signed
Annette Brooke	25/05/2006	Mid Dorset and North Poole	Liberal Democrat	Signed
Brian Jenkins	25/05/2006	Tamworth	Labour	Signed
Bill Etherington	05/06/2006	Sunderland North	Labour	Signed
Doug Naysmith	06/06/2006	Bristol North West	Labour	Signed
Sandra Gidley	07/06/2006	Romsey	Liberal Democrat	Signed
Tom Brake	14/06/2006	Carshalton and Wallington	Liberal Democrat	Signed
Lynne Featherstone	17/07/2006	Hornsey and Wood Green	Liberal Democrat	Signed
Hywel Williams	25/07/2006	Caernarfon	Plaid Cymru	Signed
Jo Swinson	25/07/2006	East Dunbartonshire	Liberal Democrat	Signed
John McDonnell	06/11/2006	Hayes and Harlington	Labour	Signed

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