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House of Commons Hansard
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12 June 2014
Volume 582
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8. What progress the Church of England has made on support for the provision of responsible financial services. [904166]

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The Archbishop of Canterbury’s Task Group has identified a number of initiatives to promote responsible credit and savings and is now implementing those initiatives across the country.

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I am grateful to my right hon. Friend for that answer. The archbishop’s intervention has already had a profound and welcome impact. May I encourage the commissioners to do all they can to support that work through the clergy credit union, the use of premises, the promotion of volunteering and financial education in Church schools?

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I entirely agree that progress is being made. Credit unions are now being set up in towns and cities across the country. I refer my hon. Friend and the entire House—it is always good to see so many Members present for Church Commissioner questions—to a rap released yesterday by the Church of England entitled “We need a union on the streets”. It underscores the views of the Church of England on payday lending and highlights credit unions as a better way to borrow. It can be found at https://soundcloud.com/the-church-of-england/we-need-a-union-on-the-streets. The chorus is:

“What we need is a union, we need a union on the streets

Everybody hand in hand, people can’t you understand”.