Over the past few weeks I’ve read numerous articles and had numerous conversations about the effect of the mortgage collapse on lending to people on low incomes (salary or welfare payments). The term ‘sub-prime’ is offensive – I detest it, but that unfortunately how the banks and much of the media refer to the group. It’s the last time I’ll use it here and I use it only so we’re all clear on the subject matter.

As part of my day job, I have spoken to a lot of people in the financial community and banking sector on this and the wider impa..View Complete Post