House of Commons
As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.
PAYDAY LOAN COMPANIES
EDM #299
Tabled 02 July 2012
2012-13 Session
There have been 3 amendments to this EDM.
That this House notes the warning by the trade union, Unite that more than 80 per cent of British workers are unable to make their wages last the month; further notes the rise in payday loan companies such as Wonga, QuickQuid and Money Shop since the economic downturn; is concerned by Unite's findings that one in eight workers regularly turned to payday loan companies to make ends meet; deplores the exorbitant rates of interest charged by payday loan companies, which are typically 1,200 per cent APR and can reach 4,200 per cent APR; believes that such rates are likely to trap borrowers in a spiral of debt; is concerned that Citizens Advice Bureaux have seen a fourfold increase in the number of people with payday loans seeking help; recognises that the harm that such loans do to individuals has a further knock-on effect on the UK's high streets; further deplores the fact that some payday loan firms have even been known to use threats; supports credit unions as a civilised alternative to payday loan companies; further notes that the majority of voters believe a cap should be imposed on the total costs that can be charged by payday loan companies; and calls on the Government to impose such a cap.

Signatures (52)

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.
In addition to the sponsors, the following Members have signed to support the motion.
Blomfield, Paul
Labour
04 July 2012
Campbell, Mr Ronnie
Labour
04 July 2012
Caton, Martin
Labour
04 July 2012
Clark, Katy
Labour
05 July 2012
Clarke, Mr Tom
Labour
05 July 2012
Corbyn, Jeremy
Labour
04 July 2012
Crausby, Mr David
Labour
17 July 2012
Cryer, John
Labour
04 July 2012
Cunningham, Mr Jim
Labour
03 July 2012
Dobbin, Jim
Labour
03 July 2012
Doran, Mr Frank
Labour
10 July 2012
Edwards, Jonathan
Plaid Cymru
03 July 2012
Esterson, Bill
Labour
03 July 2012
Galloway, Mr George
Respect
11 July 2012
Gapes, Mike
Labour
05 July 2012
Glindon, Mrs Mary
Labour
05 July 2012
Godsiff, Mr Roger
Labour
03 July 2012
Goodman, Helen
Labour
05 July 2012
Hancock, Mr Mike
Liberal Democrat
09 July 2012
Hemming, John
Liberal Democrat
16 July 2012
Hopkins, Kelvin
Labour
05 July 2012
Howarth, Mr George
Labour
14 February 2013
Jackson, Glenda
Labour
05 July 2012
Lavery, Ian
Labour
03 July 2012
Leech, Mr John
Liberal Democrat
03 July 2012
Long, Naomi
Alliance
21 November 2012
Lucas, Caroline
Green Party
12 July 2012
McDonnell, Dr Alasdair
Social Democratic & Labour Party
11 September 2012
McDonnell, John
Labour
04 July 2012
Morris, Grahame M.
Labour
10 July 2012
Murphy, Paul
Labour
11 July 2012
O'Donnell, Fiona
Labour
10 September 2012
Osborne, Sandra
Labour
03 July 2012
Riordan, Mrs Linda
Labour
16 July 2012
Ritchie, Ms Margaret
Social Democratic & Labour Party
10 July 2012
Robertson, John
Labour
06 July 2012
Rotheram, Steve
Labour
03 July 2012
Roy, Lindsay
Labour
05 July 2012
Ruddock, Dame Joan
Labour
05 July 2012
Skinner, Mr Dennis
Labour
03 July 2012
Tami, Mark
Labour
04 July 2012
Tredinnick, David
Conservative
10 July 2012
Weir, Mr Mike
Scottish National Party
03 July 2012
Williams, Hywel
Plaid Cymru
05 July 2012
These members had previously signed the motion, but have now withdrawn their support. The date shown is when the Member withdrew their signature from the motion.