Know any local banks that get the community? Invent them

David Fagleman

Nearly 9 million people miss out on the benefits of banking, 1.3 million adults in the UK fall victim to the crippling interest rates of the payday loan shark, 68% of low income households have no savings and small businesses are starved of credit options.

Enter the era of the local bank – funded from local council assets. There are already a few about – including one that's part-owned by a Cambridge college. David Fagleman from ResPublica explores a new approach.

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