Current Themes within the UK Financial Sector
A brief analysis of online lending...
What is the Dependence?
- 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
What can be done?
- 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!
The solution...
- 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
Questions?
References