London Mayor defends
Wonga.com free travel sponsorship
London Mayor, Boris Johnson, has defended his decision to allow Wonga.com, an online lender with a typical APR of 2689%, to sponsor free travel in the capital on New Year’s Eve.
In a letter to the WFCCU, Mr Johnson explained that: “We make no moral judgments about legitimate businesses that purchase advertisement space or sponsorship”, which WFCCU Chief Executive, Claire Walters has described as an ‘indefensible breach of social responsibility’:
“Whether he accepts it or not, Boris Johnson has publicly aligned our country’s capital with a company that exploits the poor.
“You cannot accept money from Wonga.com,, in return for massively raising their profile, while simultaneously urging people to be cautious about using this type of service. This is a triumph of greed over responsibility.
“Sponsorship is a partnership between organisations with shared interests for mutual benefit. We would hope that in future, Mr Johnson considers what mutual benefit really means to the people of London.”
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