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He also demanded to know whether Sir Keir is \u201cnow anti-regulation\u201d.<\/p>\n
Photos from last night\u2019s party show Sir Keir and Sadiq Khan posing next to an advert for Zilch.<\/p>\n
According to personal finance expert Salman Haqqi from money.co.uk, \u201cWhile these schemes, like Zilch, Klarna and Clearpay, are quick and easy to join and seemingly harmless, they are in fact an entry point to debt for many.<\/p>\n
“Their quick and easy sign-up process, minimal credit check, and youthful marketing appeal could be causing shoppers to sign up and spend more than they can afford without understanding the full risk.\u201d<\/p>\n
Don’t miss… <\/strong> We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info<\/p>\n Mr Lewis has previously spoken out about his concern over the growth of Buy Now Pay Later, saying the service is \u201cexploding like payday loans did\u201d.<\/p>\n He said: \u201cAndy like payday loans were, it\u2019s a huge credit industry that\u2019s unregulated – so few rules\u201d.<\/p>\n He\u2019s demanded changes, saying the financial services bill must be amended to regulate such providers.<\/p>\n Journalist Michael Crick responded to Mr Lewis\u2019s observation, saying corporate sponsorship is the \u201cbig story of Labour conference: the sell-out to dubious businesses. The lobbyists; fringe meeting sponsors paying to make speeches; cash for access – and sod the unions\u201d.<\/p>\n Former Corbyn advisor Andrew Fisher demanded that Shadow Business Secretary Jonathan Reynolds clear up whether it is still Labour policy to regulate the industry.<\/p>\n Green Party peer Jenny Jones accused Labour of being \u201cbought and paid for\u201d.<\/p>\n
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