USURY CEILINGS IN THE UK - Progress in Responsible Credit in the UK as 150 members of the English parliament come out in favour of interest rates caps being introduced into the UK. Attacks on usury ceilings in Germany, France, Belgium and the Netherlands with regard to the seemingly successful English "free market system" in credit, is now counteracted by 150 members of the English parliament who have signed a declaration on interest rates caps to be introduced into the UK. 150 MP’S SUPPORT A CAP ON INTEREST RATES Support in Parliament is growing for a legal limit to the cost of interest, particularly for low-income households. To date over 150 MP’s have signed Early Day Motion 1068 or its amendment. This comes on the back of the new Social Exclusion Minister, Hilary Armstrong, commenting that “one of the cruelest twists of financial disadvantage is that those with the least money are the ones that are forced into paying the highest rates of interest for the money that they need to borrow”. Check if your MP has signed EDM 1068 or 1068A by clicking on the links below and seeing the lists available. (posted by ECRC partner DOOD) ID: 38015 Author(s): iff Publication date: 02/08/06     URL(s): Early Day Motion 1068 Early Day Motion 1068A1 (amendment) Comment by Social Exclusion Minister http://www.debt-on-our-doorstep.com/

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Created: 02/08/06. Last changed: 02/08/06.
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