A brief analysis of online lending...
- Worries around Brexit have caused some financial hardships
- Record numbers of residents are in employment, but 0 hours contracts are rife!
- This has created a dependency on unsecured borrowings nationwide
- Although employment is being addressed, 0 hours contracts are causing fiscal instability
- Workers rights need securing through union integration in unregulated employment sectors
The Solution (continued)
- Order needs to be implemented to deviate away from a reliance on unsecured loans!
- This is achievable!
- Money needs to be made available through additional quantitive easing
- Less reliance on 0 hours contracts
- More support through free union memberships
- The online loans market needs to continue to be regulated within the UK
References
https://www.bankofengland.co.uk/monetary-policy/quantitative-easing
https://www.unitedkingdomloans.co.uk
https://www.theguardian.com/law/2018/dec/17/workers-get-new-rights-in-overhaul-but-zero-hours-contracts-remain
By Mark Johnson
A brief analysis of the UK financial sector
Financial student in the process of learning European finance practices.