Labour councillors in Southwark have been blasted for their “mind-baffling” vote against a new credit union on Walworth Road at a Council Assembly meeting last night.

During a council debate on payday lenders, Liberal Democrat councillors called on all councillors to back a Walworth Society suggestion for a new credit union in the area. But, despite the amendment being non-party political, Labour chose to vote down the proposal.

The decision means the council’s Labour Cabinet has officially voted against supporting a new credit union on Walworth Road.

Amongst those to vote against supporting a new credit union were all five Labour councillors for the Newington and East Walworth area, including Neil Coyle and Rebecca Lury.

Commenting after the vote, leader of the Liberal Democrat Group at Southwark Council Cllr Anood Al-Samerai, said:

“It is absolutely mind-baffling that Labour councillors have voted against supporting a credit union on Walworth Road, one of the areas where it is most needed in the borough with its numerous betting shops and payday lenders.”

“The Walworth Society has done really good work raising the issue of affordable credit. This is a disappointing decision which we will be asking Labour to reconsider.”

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