Tag Archives: lloydsTSB

Ian Hurdley

Opinion: Can the bank bailout boost credit unions?

By Ian Hurdley | Fri 2nd August 2013 - 2:50 pm

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 …

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Recent Comments

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    Weird that this appears to be the first LDV article about this, and the first time anyone in the parliamentary party has spoken up about it (as far as I'm aware...
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    Delighted to see conference overwhelmingly reject the EHRC guidance (they don't deserve three quarters of that name - I accept they are a commission). People ar...
  • Geoff Reid
    Somebody had to say it eventual!y. Thank you Tom for inviting us to be honest on this matter....
  • Hywel
    Important point there Paul. For all the angst about 'lack of cut through' that has pretty much been the case for most of the time the LIb Dems existed except f...
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    @Gwyn, I agree with David Raw about relative urgency. However, even in the list of political reforms, I would put changes to voting way below the changes that n...