Labour has pledged to impose a levy from the earnings of payday loan providers to greatly help support lower-cost financing from credit unions and improve cash advice solutions.
Shadow company minister Stella Creasy told the BBC it had been time that is”payback these payday loan providers”.
Payday loan providers say they supply a valuable solution to their clients.
But Ms Creasy, who became Labour’s shadow customer and competition minister into the reshuffle that is recent said: “some of those businesses are building a million pounds per week. Continue reading