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Ed Miliband vows to block payday lenders
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Ed Miliband vows to block payday lenders
Payday lenders, pawnbrokers and betting shops charging extortionate interest rates could be barred from the high street under a Labour government, the party's leader Ed Miliband has said. Firms that 'engulf' people in debt could be subject to stricter planning laws which could refuse permission for certain businesses, under proposals by Ed Miliband as he launches his party's local election campaign today. Payday lenders have come under fire from many – including Labour MP Stella Creasy – for charging interest rates running into four figures....Read more hereTags: None
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