delete The Consumer Credit (Exempt Agreements) (Amendment) Order 2008
This Order amends the Consumer Credit (Exempt Agreements) Order 1989 to add the Urban Regeneration Agency to Part II of Schedule 1, exempting certain agreements made pursuant to specific sections of the Leasehold Reform, Housing and Urban Development Act 1993 from consumer credit regulation.
The Urban Regeneration Agency was abolished in 2012 (replaced by the Homes and Communities Agency), making this exemption obsolete. Additionally, exempting government agencies from consumer credit protections creates unequal treatment and removes safeguards from citizens dealing with public bodies in what should be standard credit transactions. Such special carve-outs for government entities distort market competition and represent the kind of regulatory favoritism inconsistent with a free-trading Britain.