Wednesday, 21 May 2014

Welfare Minister Receives £10,000 from Loans Company

Tory DWP minister Esther McVey received £10,000 from the head of an aggressive loans company which offers unsecured high APR loans to customers on benefits. Tory donor Henry Angest, the chairman and chief executive of Arbuthnot Banking Group, gave the Conservative Party £17,500 in the first quarter of 2014, including £10,000 to welfare minister Esther McVey. Arbuthnot Banking Group acquired Everyday Loans in 2012, a company that provides unsecured loans to people on benefits at up to 80 per cent APR. Read more on the Left Foot Forward blog.

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