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MSE News: Tax payday lenders to boost credit unions, Ed Miliband says
Former_MSE_Darryl
Posts: 210 Forumite
in Loans
"Labour party leader Ed Miliband plans to introduce a new tax on payday lenders if his party is elected into government in 2015..."
Read the full story:
Tax payday lenders to boost credit unions, Ed Miliband says
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Tax payday lenders to boost credit unions, Ed Miliband says
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Comments
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Won't they just put the charges onto the loan? Thus punishing the people who are using these services more.0
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Ed Milliband should really learn to keep his mouth shut.
What with his policies probably accounting for a lot of the energy hikes now and to come.
Cramming in the rises before freezes and green policy.
NOTHING he says will help anyone he's targeting. I'd almost be embarrassed to be a Labour supporter. He will as above just help line the pockets of business.0 -
I don't really like Ed.
But I like PDL companies less.
So I'm all for this.
Tax the funds release transaction. Tax the rollover. Surtax the profit too. Make sure 100% of the revenue raised goes to credit unions.0 -
So what he is saying is that they will still need to be used, in order to collect taxes from them? Bit of a vicious circle!0
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Typical Labour, if it is bad then tax it. Does not fix what is wrong or make it go away but makes it a nice little earner.
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
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opinions4u wrote: »I don't really like Ed.
But I like PDL companies less.
So I'm all for this.
Tax the funds release transaction. Tax the rollover. Surtax the profit too. Make sure 100% of the revenue raised goes to credit unions.
Forcing borrowers to use loan sharks helps no one.
Tax isn't the way forward. Better regulation is.0
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