Lynne Featherstone MP visits London Capital Credit Union

Lynne Featherstone MP with Marin Groombridge and Cllr Richard Wilson at the London Capital Credit Union HQ

Lynne Featherstone MP today visited the London Capital Credit Union (LCCU) – a not-for-profit co-operative helping to tackle debt and promote money saving in Haringey and six other London Boroughs.

The Credit Union provides low-cost ‘saver loans’ to those in need of short-term financial support. It also offers a ‘credEcard’, an interest free and fee free alternative to traditional bank and credit cards.

The MP for Hornsey and Wood Green, along with Haringey Liberal Democrat leader and Stroud Green Councillor Richard Wilson, was given a tour of the Credit Union and met with staff and volunteers.

After the tour, the Liberal Democrat MP met with manager Martin Groombridge to discuss the LCCU’s activity in her constituency. Since opening in Haringey 18 months ago, the Union now has 1,700 members in the borough (including Ms Featherstone) and has lent £500,000 to Haringey residents in the last year alone.

Following the visit, Lynne Featherstone MP said:

“It’s fantastic to have the LCCU operating in Haringey. The LCCU is an example of the benefit of co-operatives, providing financial assistance to those in need whilst helping them to escape the cycle of debt.

“Vulnerable people should not be taken advantage of by unscrupulous payday lenders – and the Credit Union offers a very sensible alternative for those in short-term financial need and transitional poverty.

“That’s why the Liberal Democrats in Government have long supported the co-operative movement, and have invested £38 million in credit unions.

“I will certainly keep in touch with Martin, and look forward to working with the London Capital Credit Union in the future.”


Full investigation needed on ‘crackpot’ roundabout development plans, say Liberal Democrats

Liberal Democrats in Highgate have slammed Haringey Council for refusing to act over the future development of a key site at the gateway to Highgate. Liberal Democrats say Haringey Council’s ‘crackpot’ approach could see the busy gyratory system, at the top of the Archway Road, used for building flats. The fact that Haringey owns the land just adds insult to injury, say local Liberal Democrats.

Previous plans, although now on hold, for development at 505 Archway Road, propose to build one commercial property on the ground floor, six two-bed and one one-bed residential flats above. Highgate Liberal Democrat councillor Neil Williams has asked for a full planning brief for this sensitive site – but this has been turned down by Labour-run Haringey Council.

Cllr Williams says the refusal to act is also the height of hypocrisy – Haringey Council is rightly investing with Transport for London (TfL) in removing the gyratory system in Tottenham Hale, but is willing to contemplate building housing in the middle of a gyratory in Highgate.

Cllr Neil Williams (Highgate), comments:

“It’s clear Haringey aren’t bothered about putting a block of flats in the middle of this traffic roundabout – but it is a totally crackpot idea. You would wonder how on earth such a bizarre idea ever got this far. It adds insult to injury, that Haringey is the owner of this land.

“We need a full planning brief, for local residents to have a full say on the plans for this important entrance to Highgate.”

Lynne Featherstone MP adds:

“Haringey Council needs to fully consult on this key Highgate site, or it will show they are ignoring local residents.”