Henry Angest and Arbuthnot Banking Group – Correction and apology
Published by Jon Land for 24dash.com in Central Government
On 20th May we published an article about political donations made by Arbuthnot Banking Group plc and its Chairman and Chief Executive Henry Angest, including a recent donation to Ester McVey MP.
The article referred to Everyday Loans Limited (a company within the Arbuthnot group) as a “payday lender” and the donation as a “gift”. This was incorrect. Everyday Loans Limited is not a payday lender. It is a responsible lender, regulated by the FCA, which provides longer term loans (in excess of 13 months) to customers who are underserved by high street banks and who can afford to service those loans.
For the avoidance of doubt, the donation complied with all applicable laws. We apologise to Arbuthnot and Mr Angest for any inconvenience caused.