Topical Questions

Part of Treasury – in the House of Commons on 7th July 2020.

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Photo of Kate Osamor Kate Osamor Labour/Co-operative, Edmonton

Credit unions are known for offering those on low incomes alternative access to credit. However, due to covid-19, during April and May North London Credit Union in Enfield was hard hit and has seen an 87.5% fall in the number of loans issued. Will the Chancellor use his summer statement to announce financial support for credit unions, which are challenged with branch closures and possible bankruptcy?