Tag Archives: debt

Credit unions not a substitute for regulation of payday lenders

Andrew Lilico of Europe Economics has an article in today’s Telegraph with which I at once agree and disagree. I join his affirmation of the Church of England’s proposed move to more proactively support credit unions like London Mutual Credit Union. This can provide a more ethical alternative to payday lenders and their exploitative interest rates. However, […]

“Without debt you cannot have sustainable growth”? Au contraire!

Without debt you cannot have sustainable growth. said Antony Jenkins, the new CEO of Barclays Bank at a recent event hosted by the St Paul’s Institute event, entitled  ‘Good Banks’. I wish the chap who asked the question — Paul Mills of the Jubilee Centre — had been able to come back with a follow-up. He would […]