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ZopaGiles

Listed below are comments made by ZopaGiles between Wednesday, 21st October 2009 and Wednesday, 21st October 2009.

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A sombre warning 10:59am on 21 Oct 2009 @ Lepus_Madidus

Declaring a vested interest (I am Zopa's CEO) but hope the general point allows this past the mods. We don't even need government to lend at Zopa we just need a level playing field for Zopa vs banks in the tax treatment of lenders' losses. Our lenders are currently disadvantaged in that unlike banks they can't offset bad debts against their income from lending at Zopa. This doesn't seem remotely reasonable and certainly doesn't do anything to promote the growing P2P lending sector which offers a real alternative to the banks (for personal lending) without the pitfalls highlighted so clearly in Mervyn King's speech, and all without any taxpayer support. We have gained cross party support for this endeavour and are working hard on it but any further grist to the mill helpful....

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