‘CABINET ministers Alan Johnson and David Blunkett today declared war on loan sharks.

At the conference they promised £81 million to help the poor to escape the clutches of excessive debt.

Trade and Industry Secretary Alan Johnson will spend £45 million on face-to-face counselling to help people escape punitive interest rates.’

Read more at £81 million pledged to combat loan sharks

Recent Entries

• Record number of savers look to stash cash in tax-free Isas
• Savings targeted by 43%
• Personal finance advertising lagging behind consumer internet drive
• £1 a week earns 14 years of freedom
• Third of Scots have no more than £100 put away
• Debit accounts can help youngsters learn lessons about money
• £130,000 - the cost of life as a pensioner
• UK set for strong mortgage revival
• Brits break personal finance pledge
• Bankruptcies in Scotland soar by 50%, but worst is still to come

This entry was posted on Tuesday, September 27th, 2005 at 11:37 am and is filed under Debt. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.