DEBT AND CREDIT LENDING

Motion Text

That this House is concerned that whilst consumer debt reaches record levels (ú6.8 billion new debt in December according to the Bank of England), around three and a half million adults do not have access to any sort of bank account and seven million have no current account; expresses deep concern that over three million people are reliant on loans at high cost from licenced moneylenders; and urges the Government to act to tackle this injustice as part of a wider anti-debt strategy, within the context of the Government's anti-poverty strategy.