Britain needs to expand the provision of affordable credit as well as to create a new 'match saving' incentive scheme for squeezed households. Only by building a stronger asset base of their own can working people reduce their reliance on expensive credit.
This report sets out a comprehensive strategy for ending the 'poverty premium' faced by many consumers who have no alternative to borrowing from payday lenders. Rather than just tightening regulatio…
Affordable and sustainable credit must become the norm.
Labour must be bigger and bolder if they are to tame the payday lending industry and make affordable credit a reality for all.
With new analysis this week showing as many as 50,000 women lose their jobs each year while taking time off to have a baby, insecurity appears to be the new normal for British workers.