{"id":26526,"date":"2023-10-08T07:39:59","date_gmt":"2023-10-08T07:39:59","guid":{"rendered":"https:\/\/belalcazar.org\/?p=26526"},"modified":"2023-10-08T07:39:59","modified_gmt":"2023-10-08T07:39:59","slug":"martin-lewis-slams-labour-for-letting-buy-now-pay-later-firm-sponsor-conference","status":"publish","type":"post","link":"https:\/\/belalcazar.org\/politics\/martin-lewis-slams-labour-for-letting-buy-now-pay-later-firm-sponsor-conference\/","title":{"rendered":"Martin Lewis slams Labour for letting Buy Now Pay Later firm sponsor conference"},"content":{"rendered":"

Gove calls Keir Starmer a ‘political jellyfish’<\/h3>\n

Money Saving Expert Martin Lewis has voiced fury at Sir Keir Starmer, after he spotted that a prominent Labour conference fringe event is sponsored by a buy now pay later firm.<\/p>\n

According to Mr Lewis, the London regional party last night was not only sponsored by the controversial loan company but its founder was given a platform to speak against regulation.<\/p>\n

The move comes in stark contrast to a Times story from September 25, in which it was reported Labour is set to make regulating such “buy now, pay later\u201d credit a pledge in its next manifesto.<\/p>\n

Labour\u2019s policy document says the party will \u201cbring forward long overdue consumer protection regulation in areas like buy now pay later\u201d.<\/p>\n

Now Martin Lewis is demanding to know whether the event sponsor has \u201cbought influence\u201d within the Labour Party.<\/p>\n

READ MORE: <\/strong> Hard-left Labour MP poses with Palestinian activists as terrorists unleash hell<\/strong><\/p>\n

<\/p>\n

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

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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

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Gove calls Keir Starmer a ‘political jellyfish’ Money Saving Expert Martin Lewis has voiced fury at Sir Keir Starmer, after he spotted that a prominent Labour conference fringe event is sponsored by a buy now pay later firm. According to Mr Lewis, the London regional party last night was not only sponsored by the controversial […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"yoast_head":"\nMartin Lewis slams Labour for letting Buy Now Pay Later firm sponsor conference - belalcazar.org<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/belalcazar.org\/politics\/martin-lewis-slams-labour-for-letting-buy-now-pay-later-firm-sponsor-conference\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Martin Lewis slams Labour for letting Buy Now Pay Later firm sponsor conference - belalcazar.org\" \/>\n<meta property=\"og:description\" content=\"Gove calls Keir Starmer a ‘political jellyfish’ Money Saving Expert Martin Lewis has voiced fury at Sir Keir Starmer, after he spotted that a prominent Labour conference fringe event is sponsored by a buy now pay later firm. 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