It seems the government is supposed to be doing something about curbing the big APR moneylenders, precisely what remains to be seen.
Just a look at some of the moneylenders' shop windows suggests some things that may as well be included in any future legislation.
One shop says 'You can borrow upto £1,000'. It does not give any rate of interest or any such indication.
Another, which used to display a rate of 2487%, does not display that rate any more. But it urges borrowers to only borrow what they can afford to repay.
A positive step would be for them to display the rate, and give a table of figures, giving say repayments for every £50 and £100 per month, so the borrowers are clear what it is going to cost.
I also note the Department of Work and Pensions is no longer offering Emergency Loans. This may make the people in need turn to the loan sharks and suchlike....Something the government should be helping people avoid, that would be a people-friendly government, that serves the people.
The government could do well to teach basic budgeting and good housekeeping to people who are unemployed or ill, to help them prevent borrowing money which they could seldom afford to repay.
As for the people trying to live on a food allowance of £3 a day, that is £21 a week, and can buy a variety of good food, maybe walking to the supermarket twice a week and picking up fresh. Bit of exercise as well. And if you save £28 every four weeks, well, you'll be the richer every year.
As the saying goes, pennies make pounds. And the need won't arise to borrow from the sharks.