Ministers must do more to tackle cheap credit offers
Yesterday’s Times reported that several high street stores are offering eye-watering interest rates with a holly sprig on top. JD Sports, Next, H&M, even good old M&S are now selling expensive and instant credit. “Get it today. More time to pay,” purrs Argos. Cut to the scene of the bailiff at the door and the children sobbing.
Is it cheap credit or expensive credit we’re supposed to be worrying about?