Ben Hughes
GET UPDATES FROM Ben Hughes
 
Ben Hughes is chief executive of Responsible Finance, supporting a strong and growing network of responsible finance providers who are building resilient economies across the UK.

Entries by Ben Hughes

Redundancies Make Headlines - Missed Opportunities Should Too

(0) Comments | Posted 8 March 2016 | (12:57)

Whenever a well-known business announces redundancies of hundreds of jobs it makes the headlines. We all understand the horrifying impact these kinds of decisions have on people and communities. So imagine where the UK's recovery would be without the 100,000 jobs that exist thanks to responsible finance lenders over the...

Read Post

A Balanced Economy Needs Responsible Finance for Business

(0) Comments | Posted 27 January 2016 | (17:34)

It was fascinating to read the latest description of a two-tier Britain - in which meaningful job creation is lagging behind in vast swathes of the Midlands and the North compared with London and the South East, outlined in the new, annual Cities Outlook Report.

Fascinating, but all...

Read Post

Can Credit Unions Really Compete With the Profits of Wonga?

(0) Comments | Posted 4 September 2013 | (11:03)

Wonga has just announced that it makes over £1million profit every week. It made almost four million loans last year and is now the UK's joint 14th biggest lender. Can anyone really compete them out of business? I believe that community finance could and should do just that.

Payday lenders...

Read Post

Don't Put Funding for Lending on Steroids, Put It on CDFIs

(0) Comments | Posted 15 March 2013 | (10:17)

Nick Clegg has spoken this week of the need to extend the Funding for Lending scheme and "put it on steroids". George Osborne, Vince Cable and the Bank of England are also desperate to get the scheme working for small businesses. In the last quarter of 2012 bank lending slumped...

Read Post

The £6billion Finance Gap

(0) Comments | Posted 12 February 2013 | (18:23)

There's a £6billion hole in our financial system. There are over eight million people, businesses and social enterprises that don't qualify for bank finance, but who need credit. That's according to new research just release by the CDFA.

It's the first time we've been able to quantify this unmet...

Read Post

Is There Really an Ethical Payday Lender?

(1) Comments | Posted 30 October 2012 | (00:00)

This year we saw public trust in banks dive to an all time low. Their former position as pillar of the community and stalwart of the high street has gone. In many communities you are more likely to find betting shops, pawnbrokers and payday lenders where your bank branch used...

Read Post