The stage and screen actor Michael Sheen, founder of the End High Cost Credit Alliance, attended the Responsible Finance 2018 event in Glasgow and joined debates with other panelists. The Alliance seeks to end the damage caused by high cost credit through taking new approaches to tackling changes in regulation, policy, public debate, workforce training and investment in fairer alternatives.
Amid increasing concern about rising household debt and the activities of many high cost lenders, the event covered practical ideas to create an economy, and a financial services system, that works for everyone.
Delegates at the conference included community lenders, banks, government bodies, social investors, the media, think tanks and other policy makers.
Michael Sheen said: “The Alliance aims to take a collaborative approach to the issues around high cost credit and to tackling those who unfairly target the most vulnerable in our society. Collectively and strategically it will be getting behind organisations, providers and initiatives that seek to improve access to fairer credit and support across communities in the UK.
“The partnership is uniquely placed to take a systems approach to backing what works and investing in new ideas and I am delighted to be able to officially launch the Alliance at the Responsible Finance conference in Glasgow.
The conference will continue tomorrow at Glasgow City Chambers.