Credit card borrowing rockets – Jonathan Reynolds responds
Jonathan Reynolds MP, Labour’s Shadow Economic Secretary to the Treasury, responding to UK Finance figures showing the outstanding level of credit card borrowing growing by 4.3 per cent in the twelve months to February, said:
“The Conservatives have created an economy with spiralling personal debt, at the same time as wages of those at the top skyrocket.
“With average real wages still below pre-crisis levels, this is clearly an economy working for the few and not the many.
“Labour will act to stamp out the scourge of high personal debt and introduce a real living wage of at least £10 per hour.”