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Asda denies ‘squeezing’ staff and boosting profits with payday loans service
By Ian Quinn2025-09-12T09:21:00
Source: Asda
The Business & Trade Select Committee has written to Asda over its links to the financial wellbeing app Wagestream, which offers the supermarket’s staff loans of up to £25,000
Asda has strongly denied claims from MPs and union bosses that it is has been helping to “squeeze staff” to drive profits to its parent company through the use of high rate loans.
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