Wonga old people

In addition to driving up queues at food banks, payday lenders such as Wonga also stand to profit from George Osborne’s seven day block on the newly unemployed claiming Jobseeker’s Allowance.

A spokesperson from debt charity StepChange told Scrapbook:

“If people don’t have a redundancy settlement then that seven day period will increase the risk of people taking paypay loans they cannot afford to pay off.”

Doubtless Adrian Beecroft — Tory donor and investor in Wonga — will be thrilled.

UPDATE: Sound the irony klaxon …it’s #WongaWednesday.

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