Night time economy framework »The framework aims to help develop a sustainable, healthy and safe night time economy in Wales.Learn more »
Welsh Government flies the flag for Wales in celebration of St David’s Day
In the run up to St David’s Day, Welsh Ministers are presenting Wales to the world and showing exactly what the country has to offer.
- Valleys Taskforce rolls into town
- Green light for highly successful blue light model
- Welsh Government flies the flag for Wales in celebration of St David’s Day
Section highlightLandfill Disposals Tax Communities Scheme
The scheme will support local community and environmental projects in areas affected by the disposal of waste to landfill.
Final Budget 2017-18 »
The amount of funding allocated to Welsh Government Main Expenditure Groups (MEGs) for 2017-18 is £15bn.Learn more »
- Statistics & Research
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.