A shop window advertising payday loans. (Photo credit: Wikipedia)
This article from the Guardian is well worth a read to see the underside of society that is eclipsed in the growth statistics. Check it out!
via Wonga is just a symptom of austerity Britain | Alex Andreou | Comment is free | theguardian.com.
Personally, I don’t agree with the Guardian but do recognize that there is still a huge problem with UK banks not functioning effectively. Also I do believe that austerity has been excessive in the UK.
Let me ask two open question:
- Should the Government put Wonga out of business as not in the national interest?
- Should pay-day loans be under the control of the European Commission?