Agenda item

Sheffield Money

It was moved by Councillor Mazher Iqbal, seconded by Councillor Geoff Smith, that this Council:-

(a)       is concerned that there are around 50,000 Sheffield residents who are reliant on exploitative payday and doorstep lenders;

(b)       welcomes the establishment of Sheffield Money and believes it will make a valuable contribution in helping people escape the lure of unscrupulous lenders in the City;

(c)        believes that Sheffield Money will:

(i)         play a key role in helping people to access affordable credit; and

(ii)        help to tackle the root causes of personal debt by referring people to independent money and debt advice;

(d)       is encouraged that more than 250 people contacted the service in its first week of business; and

(e)       is delighted that the Sheffield Money team have already been recognised by providers and customers as being knowledgeable and very professional.

Whereupon, it was moved by Councillor Andrew Sangar, seconded by Councillor Colin Ross, as an amendment, that the Motion now submitted be amended by the addition of a new paragraph (f) as follows:-

(f)         whilst welcoming the establishment of Sheffield Money and wishing it success, suggests that regular reports on the state of Sheffield Money be brought to the relevant Scrutiny Committee.

(Note: with the agreement of Council and at the request of Councillor Andrew Sanger (the mover of the amendment), in accordance with Council Procedure Rule 17.9, the above amendment as published in the List of Amendments Received by the Chief Executive was altered by the deletion of all of the words after the words “Scrutiny Committee”.)

On being put to the vote, the amendment was carried.

Following a Right of Reply by Councillor Mazher Iqbal, the original Motion, as amended, was then put as a Substantive Motion in the following form and carried:-