HMV AND CONSUMER PROTECTION

That this House welcomes the decision by HMV and their administrators to reconsider their position on accepting gift cards and vouchers; notes that experts believe consumers would probably have lost at least 100 million in HMV gift cards and vouchers if the original decision not to accept them had not been reversed; agrees with the recent comments of consumer experts and campaigners that this situation has again highlighted the need for better legal protection for consumers; and urges the Government to explore how it can change the law to increase protection for consumers when companies go into administration, including honouring gift cards and vouchers.