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The Labour government and access to affordable credit – more spin than action?

Ryder, Nicholas



This paper seeks to analyse the Government’s policy towards the availability of affordable credit in the United Kingdom (UK). The authors discuss the changing nature of the
consumer credit market and illustrate how this has partly contributed to an increase in personal debt, financial exclusion and over-indebtedness. The article assesses several recent initiatives aimed at limiting these problems and improving access to affordable credit. In particular, the paper investigates the impact of the Social Exclusion Unit (SEU or the Unit), reform of the Consumer Credit Act 1974 (CCA 1974 or the Act) and the promotion of credit unions. The authors conclude that the one way in which access to affordable credit can be improved is by enacting legislation, similar to the Community Reinvestment Act 1977 (CRA 1977) in the United States of America (US).


Ryder, N. (2005). The Labour government and access to affordable credit – more spin than action?. Journal of Social Welfare and Family Law, 27(3-4), 393-403

Journal Article Type Article
Publication Date Jan 1, 2005
Deposit Date Jun 25, 2013
Journal Journal of Social Welfare and Family Law
Print ISSN 0964-9069
Publisher Taylor & Francis (Routledge)
Peer Reviewed Peer Reviewed
Volume 27
Issue 3-4
Pages 393-403
Keywords Consumer Credit Act 1974, social exclusion, credit, consumer credit, debt, financial exclusion, social exclusion unit, Community Reinvestment Act 1977
Public URL