Unite general secretary Len McCluskey branded Wonga's surging profits as "vulture capitalism", after the payday lender's figures showed they were making more than a £1 million a week in profit.
Payday lenders are making their profits on those struggling to make ends meet on a daily basis with outrageous rates of interest that mount up with an alarming speed, causing fear and insecurity. George Osborne's claims of an economic recovery are partly based on an out or control industry that preys on the poor and the low paid.
Osborne's ‘Wonganomics’ of relying on payday lenders to boost consumer spending will not get this economy back on track - it's unsustainable and morally wrong. Ted Heath once spoke of the unacceptable face of capitalism – what we are seeing in 2013 is vulture capitalism, picking wallets and purses clean.
More top news
David Cameron has raised concerns after figures showed 100 babies spent time living behind bars last year.
About 124,000 patients had to wait for at least 12 hours in accident and emergency departments last year, according to an investigation.
Today's rain will clear into the North Sea tonight, but winds will stay strong, with showers feeding in to the north and west.