Doorstep lenders to have interest rates capped: campaigning works

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Ten years ago I wrote a report for Church Action on Poverty on the need for an interest rate cap on loans made by doorstep lenders in the UK. It was one of the very first such demands. It pioneered disclosure of abusive interest rates - which no one had realised were as high as they were until that point.

This morning George Osborne has confirmed such a cap will happen.

I have had no recent significant involvement in this campaign: credit goes to others, of course. But it's good to see another campaign begin to reach fruition.

The sad fact is there are still many more to go. I won't be hanging up my keyboard any time soon.