What makes you angry? I mean really angry? For me it has to child abuse, closely followed by domestic abuse. Apparently, 1 in 4 women and 1 in 6 men will experience abuse in their lifetime. If that’s you and you’ve never talked about it, lets do so. But for me the third form of abuse, I utterly detest, alongside drug dealers, is that perpetrated by “pay-day lenders”. I mean the ones that sponsor football teams. The ones that make flashy TV adverts promising quick, easy, short term loans, but charge interest rates of 5,853% APR. One firm’s conduct, and you know who I mean, prompted the government watchdog to clamp down on payday lending practices. It capped the amount of interest firms can charge to only, 1,500% APR, as if that were somehow acceptable.
In something of an understatement, the Archbishop of Canterbury described their practices as “morally wrong”. A day later it was admitted the Church of England had pension funds invested in the company.[1] I think I prefer the description used by Unite, Britain’s largest trade union, who described it as “vulture capitalism”.[2] No wonder they want to change their name.