Expand credit unions to boost cheap credit to low-income people, Labour MPs urge Reeves
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...
<p>Influential MPs including committee chairs say millions could benefit with minor changes to financial inclusion bill </p><p>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.</p><p>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.</p> <a href="https://www.theguardian.com/money/2026/jan/18/expand-credit-unions-to-boost-cheap-credit-to-low-income-people-labour-mps-urge-reeves">Continue reading...</a>
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