micTruely Your Radio

International

Expand credit unions to boost cheap credit to low-income people, Labour MPs urge Reeves

todayJanuary 18, 2026

Background
share close

Influential MPs including committee chairs say millions could benefit with minor changes to financial inclusion bill

A group of Labour MPs have called on Rachel Reeves to support a huge expansion of credit unions to boost access to cheap credit for millions of people on low incomes.

The move coincides with celebrations on Monday to mark the 10-year anniversary of the UK’s military credit unions, which are supported by Queen Camilla and provide “an ethical and affordable alternative to high-cost lenders” for service personnel.

Continue reading…

Source: www.theguardian.com

Read full article

Written by: truelightfm

Rate it

Similar posts

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *