Format: Academic Monograph
Publisher: OUP Oxford
The UK has a distinctive consumer credit market within Europe, largely owing to the diversity of its consumer credit products and the high cost associated with its most controversial sub-prime elements (such as doorstep moneylenders/payday lenders). This book demonstrates that the UK stood out in terms of its innovative credit market since at least the 1930s. It outlines the history of various forms of consumer credit and the related rise of the property owning democracy. It charts government policy on consumer protection, revealing that this element of policy fell behind in importance, as both Conservative and Labour used credit controls as a tool of macro-economic policy, to the detriment of UK consumers and manufacturers. This study of consumer credit throws light on significant related historical themes, such as the nature of the post-war consensus, the rise of the affluent society, and questions around class, gender, race, and social equity.
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