Where do the political parties stand on high-cost consumer credit?
With the polls suggesting one of the tightest election races in living memory, perhaps the leading parties' stance on the issue of high-cost consumer credit may influence your decision today?If it might, then The Urban Forum's assessment of the Conservative, Labour and Liberal Democrat manifestos against its '10 Big Ideas' - of which increasing access to credit on fair terms is one - is well worth a read at its Election Watch site. The Green Party has outlined its policies for reform of the banking system in its manifesto and at its website, and these include reference to the provision of access to fair credit via community banks, credit unions and mutuals.
In Wales, Plaid Cymru's Westminster manifesto also calls for reform of the banking system to safeguard against the risk of 'active encouragement of high levels of personal debt'. The Scottish National Party does not appear to make specific reference to access to fair credit but you can take a look at the SNP's Westminster manifesto here.
No matter what the outcome of the general election, the 2356percent Facebook campaign will continue to press for reform that delivers fair loans to consumers once Parliament resumes.
