Expand credit unions to boost cheap credit to low-income people, Labour MPs urge Reeves
Influential MPs including committee chairs say millions could benefit with minor changes to financial inclusion bill A group of Labour MPs have called on Rachel Reeves to support a huge expansion of credit unions to increase access to cheap credit for millions of people on low incomes.The move coincides with celebrations on Monday to mark the 10-year anniversary of the UKās military credit unions, which are supported by Queen Camilla and provide āan ethical and affordable alternative to high-cost lendersā for service personnel.Every employee, starting with teachers and nurses, should have a āright to saveā and be able to request... [Continue Reading]
