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Government Response To PWC
November, 10th 2009

PricewaterhouseCoopers released a report yesterday on the future of the credit card market.

Commenting on the report, a Department for Business spokesperson said:

"Two weeks ago the Government launched a consultation on new measures which we believe will give consumers who use credit cards a better deal. That consultation is receiving an extraordinarily positive response from the public.

"Consumers are clearly very concerned about the credit card market and we are determined to put the customer back in the driving seat.

"There is a need to proceed carefully but the PricewaterhouseCoopers report fails to reflect the many positive options credit card companies have to reform the current system.

"Consumers would not be impressed if credit card companies used this report to argue against change; they should not hide behind this report."

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