Peter Dowd responds to Citizen’s Advice report ‘Doorway to debt’
Peter Dowd MP, Shadow Chief Secretary to the Treasury, commenting on the Citizen’s Advice report ‘Doorway to debt’, said:
“This report shows how austerity is plunging thousands of families into the red.
“Worse still, it is those who have borne the brunt of cuts to social security who have been forced to take out these expensive loans to make ends meet.
“This is yet another example of the twisted logic behind the Tories’ austerity plans.
“Labour will cap what lenders can charge, so that no-one has to pay more than twice what they borrowed.”