DEBT or CREDIT?
Taxing or Borrowing?
Debt on Our Doorstep
Early Day Motions for Economic Democracy?
Austin Mitchell MP has been a long standing campaigner for a monetary policy that helps people rather than banks.
On June 26th
2002 he tabled Early Day Motion 1515 entitled Using the Public Credit which
was signed by 24 MPs.
Tonight we will be joined by Niall Cooper, the National Coordinator of the Church Action on Poverty programme in Manchester http://www.church-poverty.org.uk/ who raises awareness amongst MPs with EDM 257 entitled Low Income Debtors and Poverty, tabled by John Battle MP and signed by 114 MPs.
EDM 257 is the ‘other
side’ of EDM 1515 and says: That this House notes
the extent of debt amongst those on a low income with over
three million people entering into debt on their doorstep through extortionate
tackling debt and financial exclusion must be given priority in the Government's
and calls for coordination of the current fragmentary
approach setting departmental policies and actions within complementary
strategies to tackle financial exclusion and eradicate poverty,
focusing on reforming the Social Fund, tackling
extortionate lending and promoting affordable credit through credit unions.
We will hear about Debt on our Doorstep
an alliance of activists and organisations who have come
together to relieve the burden of debt, and
to promote solutions to financial exclusion. Among the campaigning areas are:
to promote credit unions
and other community finance initiatives
to promote socially
responsible service provision by high street banks
to campaign for methods
of debt recovery to become more equitable, just and effective by ensuring that
adequate protection is available to people unable to repay their debts.