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Share Fellow Labour MP Jessica Morden said regulation was vital to ensure proper oversight of an industry which risked becoming a new online wild west; enticing young shoppers into becoming trapped in unsustainable levels of debt. However, some of Britain s biggest retailers, including Asos, H&M, Marks & Spencer and Wilko contacted by This is Money said they would continue to display the likes of ClearPay, Klarna and Laybuy on their websites. Others also raised concerns over the fact some retailers used buy now, pay later as the default payment option at the checkout.  Conservative MP Paul Maynard, who has previously backed calls for more regulation for the sector, told This is Money there was no time to lose and said it was inappropriate that BNPL methods were often the default option at the checkout.

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