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Helping to serve your community, Chris Evans MP Help Shape Britains Progressive Future

8th December 2011 - Cap the cost of credit says Islwyn MP

Cap the cost of credit says Islwyn MP‘Cap the cost of credit’ that was the message from Islwyn MP Chris Evans as he called on the Government to tackle the threat posed by high-cost credit providers to indebted families.

New research shows that over 50% of people in Wales are concerned with their level of debt and more and more are taking out high interest loans to tide them over until pay day.

A long standing advocate for credit unions, Mr Evans said: ‘As treasurer of the all party parliamentary group on credit unions I have been campaigning to clamp down on high cost lenders to reduce spiralling household debt.

‘As Christmas approaches families throughout Islwyn are going to find it harder to make ends meet as the cost of living increases, wages freeze and unemployment hits’

‘The government should introduce caps on the cost of credit to prevent families spiralling further and further into debt.’
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