The Official Report is a written record of public meetings of the Parliament and committees.
All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
All Official Reports of public meetings of committees.
Displaying 1110 contributions
Delegated Powers and Law Reform Committee
Meeting date: 4 October 2022
Bill Kidd
Thank you for the depth of your responses. There is general agreement—in fact, there is total agreement—that the £1,000 asset protection threshold for consumer statutory pledges is too low these days, and it is expected that that will be replaced. I think that most people are looking forward to alternatives for achieving protection for essential household goods, including, specifically, the exclusion of what are termed ordinary household goods or the creation of an index-linked accelerator to ensure that the threshold is updated. Do you have any views on the strengths or weaknesses of those approaches?
Delegated Powers and Law Reform Committee
Meeting date: 4 October 2022
Bill Kidd
I thought that it was important to ask that question so that you could comment.
Delegated Powers and Law Reform Committee
Meeting date: 4 October 2022
Bill Kidd
Thank you.
Delegated Powers and Law Reform Committee
Meeting date: 4 October 2022
Bill Kidd
I thank our guests for the enlightening discussion so far.
I have a question about what I think is a positive aspect of the bill. How might the bill’s provisions on pledges help businesses to access finance?
Delegated Powers and Law Reform Committee
Meeting date: 4 October 2022
Bill Kidd
That is extremely helpful.
My next question is about something that might not be quite so helpful, but I will ask it anyway. There are concerns that the statutory pledge provisions in the bill could in Scotland open up a high-cost lending market that could target vulnerable consumers. Do you have any idea of whether that is likely to happen?
Delegated Powers and Law Reform Committee
Meeting date: 4 October 2022
Bill Kidd
I am sorry to come back in. I think that this might have been covered earlier, but there is a general agreement about the £1,000 threshold in the bill. Obviously, that has been in place for quite a while. I have heard a few people say certain numbers; for example, I believe that £3,000 was mentioned last week. It will be updated to some degree, but do you have an idea or a clue as to what the best direction that it could go in might be?
Delegated Powers and Law Reform Committee
Meeting date: 4 October 2022
Bill Kidd
Everybody is pretty much of the opinion that it needs to be higher than the £1,000 threshold that has been broached. As Alan McIntosh mentioned, the more important element is possibly not so much where it starts—although it has to be higher than £1,000—but how it increases over time. That is really the important element. It is useful to have heard that.
Delegated Powers and Law Reform Committee
Meeting date: 27 September 2022
Bill Kidd
Under item 3, we will take evidence on the Moveable Transactions (Scotland) Bill. I welcome Lady Paton, who is chair of the Scottish Law Commission. I welcome, too, Professor George Gretton and Professor Andrew Steven, who, as former commissioners of the SLC, were heavily involved in the commission’s report on moveable transactions, which was published in 2017.
Before we kick off, I remind all attendees not to worry about turning on their microphones during the evidence session, as they are controlled by the broadcasting team. If you would like to come in on a question, please raise your hand and we will bring you in.
Before we move to questions, I invite Lady Paton to make some brief opening remarks.
Delegated Powers and Law Reform Committee
Meeting date: 27 September 2022
Bill Kidd
Thank you. That is very helpful indeed. We will move on to more detail with Jenni Minto.
Delegated Powers and Law Reform Committee
Meeting date: 27 September 2022
Bill Kidd
Thank you for the question, Jeremy, and thank you to our witnesses for their answers.
10:45