Tag Archives: justin welby

Opinion: Can the bank bailout boost credit unions?

LloydsTSB is now sufficiently strong that the current share price exceeds the price paid by the Government at the time of the bail-out. These shares can now be sold off and the money returned to the taxpayer. The sums are such that there is the potential to transform access to affordable credit for the most vulnerable in society – those hit hardest by the cost to the public of the original bail-out.

Poorer and vulnerable people have continued to suffer disproportionately ever since the bail-out, as incomes from low paid work or benefit payments lag behind inflation. They have faced a …

Posted in Op-eds | Also tagged , and | 1 Comment
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Recent Comments

  • Simon McGrath
    @oliver - you are right that inheritance tax is very unpopular. Replacing it with a much higher rate of tax that applies not just when people die would seem un...
  • Lorenzo Cherin
    Martin Till people recognise to abort for cleft palate and Downs is a selection, therefore related to eugenics, those who oppose these reasons, and like me,...
  • Jon Ball
    I’d tend to favour a higher starting rate of UBI but making sure that everyone can afford food without demeaningly applying for access to food banks, which Na...
  • Oliver Craven
    @Simon McGrath Given we're replacing the very unpopular inheritance tax, I don't think it would be as hard a sell as you propose. Additionally, who is giving...
  • James Baillie
    The other thing that confuses me a bit with for example Simon's comment above is that increasing targeted payments to the worst off, to produce an equivalent ef...