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OFT&#39s credit advertising review must bring real changes, say Lib Dems

The Liberal Democrats have responded to the Office of Fair Trading&#39s review of credit advertising.

Malcolm Bruce MP, Liberal Democrat shadow DTI secretary, says: “Banks and credit companies have already milked the British cash cow. A &#39wallet warning&#39 that some credit deals could seriously damage your wealth should have been demanded by the government.

“The OFT review is a good initiative, but it&#39s years late. If action had been taken at the start of this credit boom less people would find themselves in a perilous situation as interest rates begin to rise. The onus is now very much on the OFT to show it has developed a bite to back up its bark.”

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Mixed views from Royal London on Sandler price cap announcement

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How to use wills to protect your clients’ wishes

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