I’ve been thinking of yesterday’s post and about what should be done about the likes of “Money Shop” and the rest (Payday UK “only” charge 1330% interest for a 30 day loan – please click on the link to check I am not making this figure up. It is unbelievable. Apparently they have 100,000 UK customers) who make such excessive interest charges.

Firstly, why not legislate against it. Usury use to be illegal for centuries. There also use to be numerous Bank of England regulated credit controls which were abolished by Thatcher?