Yesterday evening, the Government enacted a surprise U-turn in the face of sustained pressure, recognising the need for a cap on the cost of credit and announcing measures to give such powers to a new regulatory body, with further announcements next week.
This victory marks the culmination of months of focused actions by Movement for Change activists across the country, supporting the parliamentary efforts of our Vice Chair Stella Creasy MP and others. With partners Unite the Union, Community Union, the Co-Operative Party, as well as dozens of local community groups, we have built a steady momentum around the testimony of people directly affected by the devastating consequences of high-cost credit.
The work continues. From Newcastle to Norwich and Walthamstow to Wales, our activists are planning actions for the new year to push the momentum forward towards an unequivocal cap on the cost of credit. Join us now to help make the change.