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The scourge of payday loan providers: one million depend on loans this yuletide

Under capitalism, distributing the “Christmas spirit” does come cheap n’t. With wages stagnating at on average 8% less than whatever they had been in 2008, along with the expenses of meals, heating, transportation as well as other fundamental necessities increasing, one million individuals in britain are this present year anticipated to be making use of pay day loans to pay for the expenses of this period that is festive. Ben Gliniecki talks about the scourge and scandal of payday loan providers.

xmas and brand brand brand New 12 months is typically an occasion for event additionally the strengthening of relationships with family and friends.

That warmth that is such individuals is rare sufficient to be termed the “magic” of Christmas time states a whole lot in regards to the alienation of individuals from their particular communities inside their day-to-day presence under capitalism.

The bosses, unhappy utilizing the year’s work thus far – which includes seen hikes in power costs, meals banking institutions starting for a price of three each week, assaults on unions and pupils, while the demonisation and barbaric assaults on advantage claimants – look at Christmas parties as an opportunity to tighten up the screws even more regarding the class that is working. Continue Reading…