Peer-to-Peer lending is the slightly more organised equivalent of a mate saying ‘got this great idea, lend us some money, you won’t regret it’. ‘Want a bet?’, should be your answer. P2P arrived to fill the gap when banks, inexplicably, stopped lending to anyone with a pulse in 2009. The government thought it such a good idea that they, equally inexplicably, allowed packages of these loans to be ISA’d. Now the cracks are starting to show and it will, I predict, go the way of much of the ‘secondary banking’ of years gone by. Full circle. Once again.
“Sunak and Hunt accused of ‘damaging UK plc’ over NatWest boss’s exit”
Here’s the flip side. Should a business not have the right to choose whom it serves? If you as a client, or more likely potential client, rub us up the wrong way, are a declared anti-vaxxer or support the barges, can we not, as a business, say ‘Be Gone’?
