Why are Wonga speaking at a Labour policy meeting on household debt?

It appears that a representative from Wonga is speaking at a Labour Policy Review meeting on household debt. Whatever next? Advice from McDonald's on healthy eating?

Hat-tip to Richard Murphy for noticing this.

It appears that a representative from Wonga is speaking at a Labour Policy Review meeting on household debt.

Here is the email:

“Monday 13 May

How should we deal with household indebtedness? 4.30-6pm Committee room 6

Speakers. Chris Pond (Chairman, Equity Release Council), Mark Lyonette (Chief Executive Association of British Credit Unions), representative from Wonga Chair. Chris Leslie MP (Shadow Financial Secretary to the Treasury)

If you would like to attend please email onenationregister@gmail.com with subject header DEBT

Labour Policy Review organised with Labour Finance and Industry Group and Labour in the City”

Yes, that is the same Wonga that has a headline annual interest rate of more than 4,200 per cent.

Whatever next? Advice from McDonald’s on healthy eating?

To reach hundreds of thousands of new readers we need to grow our donor base substantially.

That's why in 2024, we are seeking to generate 150 additional regular donors to support Left Foot Forward's work. We still need another 117 people to donate to hit the target. You can help. Donate today.

26 Responses to “Why are Wonga speaking at a Labour policy meeting on household debt?”

mr_fatty
March 20, 2013
As long as there are bad or inadequate laws in place firms like Wonga will be legitimate (for which read: lawful.) “Legitimate” is not the same as “morally defensible”.

Comments are closed.

Thank you for supporting independent media

26 Responses to “Why are Wonga speaking at a Labour policy meeting on household debt?”

mr_fatty