Sunday 30 October 2011

Ban Loan Sharks now

Stella Creasy should be applauded for her stand. Pity is we in the North can't find an MP with her balls. :)   She must have done something to alienate Blackpool MP Gordon Marsden because he is not a signatory to the cause; perhaps he likes the poor to get poorer?  He doesn't give a shit about pensioners getting killed...

The shame is that she, by default, could get herself accused of being an ally to the illicit actions of the Ministry of Injustice and its SkullCrushers, the bailiffs.  For those with short memories, Ms Creasy addressed the league of Pension Killers at the Tower Hotel, next to the original one much love by Lizzie I.
Amplify’d from www.parliament.uk
Parliament UK


LOAN SHARKS

That this House believes that the Government should end legal loan sharking by capping the cost of credit for the whole sector, not just for credit and store cards, and provide alternative affordable sources of credit through the Post Office network, local credit unions, community development financial institutions, co-operatives and mutuals; acknowledges that the UK's poorest borrowers pay the highest price for credit in Europe; further acknowledges that up to 16,000 of excess profit is made every hour from the sector and that this is extracting wealth from the poorest communities; and is concerned that the Office of Fair Trading's recommendations, including industry codes of practice and financial education, won't work effectively to reduce prices for consumers.
Read more at www.parliament.uk

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