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Yesterday the Prime Minister announced a package of help and protection for consumers, including a stronger regulatory regime for banks, a stop on unsolicited raising of credit and a new white paper on consumer rights.

Annette Cox, Associate Director at the Institute for Employment Studies and head of its Work and Well-being Team, comments on the role employers have in supporting staff:

"Our research shows that workers are already finding that money worries are having an impact on their performance at work. The proposed reduction of credit options is likely to be a prudent move and highlights that some employees may be really struggling to get a grip on their finances during the recession. It's important that employees get help with basic financial capability and makes good sense for employers to support staff through financial education schemes; they get more productive...

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