Credit Unions

Lord Clarke of Hampstead Excerpts

Thursday 16th January 2014 Lords Chamber

[Lord Clarke of Hampstead (Lab)]

My Lords, the noble Lord, Lord Cormack, asked for enthusiasm from the Government in this regard. Perhaps they could start by the Minister saying to his noble friend who represents the Department for Education, “Let’s have a go at getting schools interested in credit unions”, as the St Albans credit union has done. That body has had great success in getting youngsters into the habit of saving.

[Lord Wallace of Saltaire]

My Lords, that is another very useful suggestion, which I shall also take back.