As reported in Saturday’s Independent our new report, jointly produced with Birmingham based think tank, the Human City Institute is based on 252 interviews with tenants on a social housing estate in the Midlands. The research combined with existing literature shines a light on the growing personal debt crisis and questions the government’s economic strategy of increasing levels of private debt as a means to reduce the public deficit. The report also highlights the huge and growing problem of reliance on high cost credit. Short and long term policy recommendations are put forward to help avoid this emerging crisis.
End Legal Loan Sharking
The UK’s poorest borrowers pay the highest price for credit in Europe – we can change that
Excess profit counter
£Level of excess profits made by home credit lenders since 9am on 30/07/2010