Credit Unions Debate

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Department: Cabinet Office

Credit Unions

Lord Cormack Excerpts
Thursday 16th January 2014

(10 years, 11 months ago)

Lords Chamber
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Lord Wallace of Saltaire Portrait Lord Wallace of Saltaire
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My Lords, I will take that back and see what we can do about a cost-benefit analysis. I should mention that, apart from the Houses of Parliament, the other department of government that already has an employer-based credit union arrangement in place is the National Offender Management Service. Members will consider whether they think that is a good parallel to our work or not.

Lord Cormack Portrait Lord Cormack (Con)
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My Lords, while I am entirely in favour of the “nudging” to which my noble friend Lord Deben referred, what we really want is explicit, enthusiastic public encouragement by government Ministers of this very important movement.

Lord Wallace of Saltaire Portrait Lord Wallace of Saltaire
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My Lords, that is exactly the purpose of the credit union expansion plan.