Monday, 22 February 2016 11:38

Open Letter To Dan Jarvis MP on the EU From Quick Loans

Dear Dan Jarvis

We write openly to you in the capacity as a Barnsley constituent and previous local employer in the constituency. This letter is in a response to you and your campaign to stay in the EU.

Your stance on staying in the EU is contradictory; you don’t seem to be aware that you are undermining your own work and things that you yourself have campaigned on. You are then saying “what a good thing it is” that the EU allows this to happen. Whether or not this is deliberate or you are in denial is not important to us.

Let us give you one example that affects both yourself and us directly. We were a Payday Lender based in your constituency of Barnsley. We used to employ 16 staff in Barnsley, we had the nice local office and we were offering a service to people in the UK, paying UK taxes.

Then a few years ago, people like you and Stella Creasy campaigned hard for a cap on short term credit. The UK Parliament then passed a law that allowed the FCA to place a cap on the cost of credit.

This wasn't workable for us, so we closed the business and stopped lending. 16 people out of work and our Barnsley office closed.

Then it became apparent that we could trade from Prague, using EU (EEA to be exact) rules and continue lending at whatever rates we wanted. Basically we are back Payday lending from Prague, at full rates that are above the cap. We totally bypassed your rules on Short Term Credit.

Let’s summarise this.

1)      You spend years publicly trying to campaign for a cause.

2)      Tens of thousands of Parliamentary hours were used in debate

3)      You get your law passed

4)      We shut down 16 jobs in Barnsley,

5)      We move to Prague, open up a new office, employ Czech staff, pay Czech taxes and continue to trade exactly as we did before with customers in the UK.

6)      You then campaign for us to bypass your own laws by staying in the EU.

Sorry if it sounds like we are mocking you, but you appear to be mocking yourself. You don’t seem to comprehend that you are campaigning for your own campaigns to be overruled by Europe.

Do you understand why this is a bit odd?

Yours Sincerely

Quick Loans