Turning tables on the loan sharks

Calton is very pleased to see that the Westminster Government has agreed to restrict the amount of interest which can be charged on payday loans. In an ideal world this sort of finance would not be needed. As it is, at least some sort of limit will now be imposed on the hitherto eye-watering interest rates charged by payday loan firms, which just served to keep people enslaved to short-term, high-interest credit. All praise to those who have worked hard to bring this legislation into being, including the incoming Archbishop of Canterbury, Justin Welby. It would be nice if he now turned his attention to the soaring energy bills which are forcing people to take payday loans in the first place.