We held a roundtable with civil society colleagues today at Consumer Focus
from unions, thinktanks, consumer groups and ethical investment participants. Mick from Financial Inclusion Centre kicked off and what was clear was the sheer breadth of action that is required in terms of immediate support for consumers, like tackling mortgage arrears sensitively and maintaining access to credit; issues of regulation (e.g. ‘do you build up the FSA or carve it up?’ as one asked) and the role of investors in responsible practice. Peter Kenway described it as the need for a “Recovery Plan for the Household Sector”.