Labour to levy payday loans
Ed Balls, Shadow Chancellor, discussed payday lending when visiting Stevenage Credit Union in Hertfordshire.
He said: “Of course the credit union has been here almost 20 years, but there has never been a time when credit unions were more important.
“I want – and I promised Sharon and the team at the credit union – that we will look at what more we can do to support local credit unions like Stevenage.
“One thing we’ve said we’d like to do is have a levy on the payday lenders to have more help for credit unions and we just need to make sure that we can tailor that so it really works.”