On 24th October 2013, the Bishop of Derby, the Rt Revd Alastair Redfern, received an answer to a written question on the development of credit unions.
The Lord Bishop of Derby: To ask Her Majesty’s Government what steps they are taking to support credit unions as viable alternatives to payday lenders and other providers of high cost credit.
The Parliamentary Under-Secretary of State, Department for Work and Pensions (Lord Freud): While the majority of credit unions are not providing direct competition to payday lenders, credit unions are increasingly helping members who have become trapped with payday loans, offering them a way to consolidate and escape from the high interest rates, spreading out their debts over a longer, more affordable period.
Government has committed investment of up to £38 million in credit unions — to increase access to affordable credit for at least 1 million more people and save consumers up to £1 billion in loan repayments by March 2019.
We are also changing the maximum interest rate credit unions can charge per calendar month from 2% to 3%, coming into force on 1st April 2014.
This will enable credit unions to break even on their smaller, most expensive to issue loans, and to become more stable over the long term. This will give low income consumers greater access to reliable, affordable credit, without having to resort to more expensive means, such as home credit or payday lenders.
On the 21st October 2013, Sir Tony Baldry MP answered written questions about the Church of England’s attitude towards Credit Unions and its involvement in food banks Continue reading “Second Church Estates Commissioner Answers Written Questions on Credit Unions and Food Banks”
In Church Commissioners Question TIme on Thursday 10th October 2013, Sir Tony Baldry MP was asked questions on cathedral congregations, Syria and Egypt, food banks, bats in churches, church credit union and scrap metal.
Mr David Nuttall (Bury North) (Con): What lessons the Church of England has learned from the increasing size of congregations attending services at cathedrals.
The Second Church Estates Commissioner (Sir Tony Baldry): I am glad to report that over the past 10 years there has been a 35% increase in average weekly attendance in cathedral services. A team from Cranmer Hall at St John’s college, Durham is conducting a detailed survey of the trends in increased cathedral attendance. Continue reading “MPs Questions to Church Commissioners”
In Church Commissioners Question Time on Thursday 4th July 2013, Sir Tony Baldry MP answered questions on bats in churches, pastoral care, closed churches, financial performance, credit unions, cathedrals and street pastors
Bats in Churches
Mr David Nuttall (Bury North) (Con): What recent assessment the Church Commissioners have made of the effects of bats in churches; and if he will make a statement.
The Second Church Estates Commissioner (Sir Tony Baldry): A small number of bats living in a church can be manageable, but parish churches are finding an increasing number of bats taking up residence in large roosts. There are significant costs in financial and human terms to those who worship in these churches, and to the wider community. The present situation is simply unsustainable.
Continue reading “MPs Questions to Church Commissioners”