http://news.sky.com/story/1164167/ed-miliband-takes-on-the-wonga-economy
Milliband now reckons payday lenders are running riot through our communities, on the other hand the Wonga boss reckons 90% of customers are happy and there is only a 7% default rate.
I'm not sure Milliband sees us as at all intelligent. Using emotive phrases like 'Down to her last nappy' (but probably plenty of fags and mobile phone usage left) and "she had been forced to give her mobile phone to her mother because she was getting 15 calls a day2 (Obviously not heard of the off button) why exactly is his game plan? I can't see him promoting any viable alternative and whilst I would agree tighter regulation would not go amis he seems to forget the fact that people have been getting dodgy loans for centuries, just they dont get broken legs from Wonga if they dont pay (Well not yet anyway)
and he is still banging on about freezing prices of a public floated company, communism at it's best. Red Ed certainly seems to be showing his lefty credentials now.