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Section highlightEnvironment (Wales) BillThe bill creates the legislation needed to plan and manage Wales’ natural resources in a more sustainable and joined-up way.
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Bills that the Welsh Government will bring forward in 2014/2015.Learn more »
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The devolution of some taxes to Wales from April 2018 provides us with the opportunity to reshape those taxes to better meet our circumstances and priorities.
1st Supplementary Budget 2015-16 »
The 1st supplementary budget proposes a number of changes to the final budget for 2015-16, which was published in December 2014.Learn more »
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Written Statement - Yes Loans Ltd.
I am writing to provide an update on recent events regarding Yes Loans Ltd, Cwmbran.
Following a longstanding investigation by the Office of Fair Trading (OFT) into unfair business practices at Yes Loans, the OFT announced on 8 March its decision to revoke the company’s consumer credit license.
Yes Loans is an unsecured credit broker, providing 'pay day loans', Personal Protection Insurance and managing claims activity. The company employs some 520 staff at its Cwmbran offices.
The decision to revoke the license was taken in light of evidence that Yes Loans has failed to comply with the Consumer Credit Act 1974, associated regulations and with requirements previously imposed by the OFT. It is possible for the company to appeal this decision and can continue trading throughout any appeals process.
We are working closely with the company as this issue develops and stand ready to provide support for its workforce should there be any adverse impact on jobs.