Carl Packman examines Respublica’s new report on civic finance and the commercial potential of Community Development Finance Institutions.
Tag Archives: Debt
By 2015, the coalition will have landed another right hook on the collective jawbone of students and graduates with the planned privatisation of student debt.
Mainstream banking facilities have all but disappeared from low income areas. The Bank of Salford offers an alternative model.
The campaign to tackle the payday lending sector has been gifted another small victory today as the Department for Business, Innovation, and Skills publishes a report calling for more focussed regulatory attention to the sector.
In the UK 12 per cent of people do not have access to a bank account.
There has been a conflict in Conservative Party economic policy for the last thirty years – between conservative values of frugality and the rise of personal debt.
Payday lending has historically been referred to as fringe banking in the United States, but you couldn’t deny it’s anything other than big business today.
The latest public sector finances data, released today by the Office for National Statistics, show that public sector borrowing in 2012/13 was £118.8 billion when you exclude Quantitative Easing and Royal Mail pensions. Higher than in 2011/12, when it was £118.5 billion.
In the wake of changes announced by chancellor George Osborne last week on the amount at which a credit union can charge in interest for one of its loan products, Joseph Wright of Civitas has written a paper entitled Credit Unions: A Solution to Poor Bank Lending? exploring the industry and its rates.
Labour can make a compelling argument that the economic crisis in the UK was not principally its fault but the result of an international banking crisis with its roots in the US.