Indyplus video: George Osborne on Payday loans

Monday 25 November 2013 16:25 EST

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Chancellor George Osborne has said the Government will cap the costs of payday loans. New regulator the Financial Conduct Authority will set the level of the cap, which will cover fees charged on the loans as well as interest. Watch him speaking in the video below:

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Indyplus video: George Osborne on Payday loans

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