Posted: Wed Apr 30, 2008 7:45 pm
Conservative party leader David Cameron has proposed a £50m social responsibility charge be levied on lenders to subsidise a free consumer finance advice service. He says the service is urgently required and that Labour dithering has prevented the rollout of such a service. The Tories say they would roll-out a plan within 12 months of being elected.
Last month the Treasury announced it is in the process of instituting a consumer advice scheme and has committed £12m to establishing it.
Labour says the Treasury advice programme, also funded in part by the financial services industry, is weeks from being launched.
Last month the Treasury announced it is in the process of instituting a consumer advice scheme and has committed £12m to establishing it.
Labour says the Treasury advice programme, also funded in part by the financial services industry, is weeks from being launched.