The site that is official of Mayor of London as well as the London installation

Stephen Knight have always been: i believe we could all agree with you here, Mr Mayor.

Boris Johnson (Mayor of London): there is absolutely no good good reason why more organizations in London shouldn’t be spending the London Living Wage.

Stephen Knight have always been: many thanks greatly for investing in re-establish the London Debt Strategy Group. This is certainly a good step that is first.

Boris Johnson (Mayor of London): It offers never ever been disbanded.

Stephen Knight have always been: many thanks for recalling it because i actually do maybe not think it’s been active.

Boris Johnson (Mayor of London): It last met, really, merely to correct you.

Stephen Knight have always been: possibly it offers maybe perhaps perhaps not posted any such thing.

May I just proceed to the next section of my concern, that will be around help for credit unions? Demonstrably, with individual financial obligation being fully a vital issue, one of many solutions would be to market credit unions. Devolved governments in Scotland and Wales have now been placing lot of work into marketing credit unions. Certainly, the British Government is currently placing cash into credit unions.

Could you commit, Mr Mayor, to spending when you look at the advertising of credit unions in London your self? I actually do perhaps perhaps maybe not understand whether you have see the current reports We have posted on proposals to boost and market making use of credit unions, but We wondered whether you’ll think about the proposals for the reason that report, that I think we provided for your working environment, including offering every additional college student a credit union account and marketing increased credit union account and understanding throughout the money.

Boris Johnson (Mayor of London): Yes. We now have assisted to advertise the London Mutual Credit Union alongside plenty of other credit unions and they’re all detailed, if anyone would like to get your hands on it. Its well worth stating that actually in London, in contrast along with the rest of this national nation, there are many credit unions in procedure than somewhere else. There are many credit unions in London than in the complete of Wales.

Stephen Knight have always been: there is certainly a far lower rate of credit union account in London than there clearly was somewhere else in the united kingdom and far less than somewhere else into the world that is developed therefore, Mr Mayor, our company is a good way behind the remainder country with regards to credit union account. That which we absolutely need is a campaign that is big London to obtain individuals opted and joining credit devices.

Mr Mayor, recently i visited your regional credit union in Islington, the London Capital Credit Union. A membership is had by it kind looking forward to you. Could you be prepared to join?

Boris Johnson (Mayor of London): most of the credit unions in London are my credit union that is local. No distinction is made by us.

Stephen Knight have always been: Mr Mayor, this is the neighborhood someone to your location. Could you agree to joining a credit union?

Boris Johnson (Mayor of London): no objection is had by me whatever to joining any. I really do not mind. I have to be unbiased in this matter. I have to join all of them if I have to join one. I cannot have favouritism right right here.

Darren Johnson AM (Chair): an extremely fast last concern from Assembly Member Knight.

Stephen Knight AM: a lot of us surrounding this dining table have accompanied a credit union, Mr Mayor, and rely on advertising the credit union sector, therefore I wish you shall invest in joining this motion your self.

Boris Johnson (Mayor of London): a lot visit the website here more usefully, perhaps, than that, that which we may do is market credit unions once we are doing through the web site that people support campaigning for credit unions. In addition, we completely help just just exactly what the Archbishop [of Canterbury] has stated about this and I also look ahead to the Church driving Wonga away from company, it was going to do as it said. I’ve yet, because of the real method, to view it taking place, but We enjoy seeing some action here.