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.”
UPDATE: Sound the irony klaxon …it’s #WongaWednesday.
It's #WongaWednesday and we’re giving away £100 cash to someone who FOLLOWS & RETWEETS this. Winner announced after 5pm. Good luck
— Gillian at Wonga (@WongaGillian) June 26, 2013