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The scourge of payday loan providers: one million depend on loans this yuletide

The scourge of payday loan providers: one million depend on loans this yuletide

Under capitalism, distributing the “Christmas spirit” does come cheap n’t. With wages stagnating at an average of 8% less than whatever they were in 2008, along with the expenses of meals, heating, transportation along with other fundamental necessities increasing, one million individuals in great britain are this season anticipated to be making use of payday advances to pay for the expense associated with period that is festive. Ben Gliniecki talks about the scandal and scourge of payday loan providers.

Christmas time and brand New 12 months is typically a period for party plus the strengthening of relationships with family and friends.

That such heat between individuals is unusual adequate to be termed the “magic” of xmas says a whole lot concerning the alienation of individuals from their very own communities within their day-to-day presence under capitalism.