LET'S NOT BE LOAN SHARKS....

I'm glad to note that one of my local MPs, Burnley's Kitty Ussher, has moved fast to retract claims the Government was considering imposing interest rates of 27 per cent on social loan payments. Joined , also by former Labour Leader Lord Kinnock and Terry Rooney MP who is chair of the relevant Select Committee. But it's sadly a measure of how far things have moved that anyone would even consider it was true. And, frankly, I wouldn't put anything past James Purnell. Update: Sorry about earlier typo to which Duncan has drawn my attention!