Anger at Newcastle Wonga deal
Newcastle United's decision to agree a sponsorship deal with payday loan company Wonga has prompted an angry reaction in the North East.
Newcastle United's decision to agree a sponsorship deal with payday loan company Wonga has prompted an angry reaction in the North East.
Wonga.com allows users to borrow up to £1,000 for up to 30 days but has previously come under criticism for the interest rates it charges. Its website says its representative APR is approximately 4214%.
To borrow £400 for 30 days will require customers to pay back a total of £525.48 when interest and fees are added on.
Nick Forbes, leader of Newcastle City Council, said:
"It sets the tone for the city and I don't want this to be a city built on an image of cheap and irresponsible debt."
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.