Interest rate cap alone not enough to stop loan sharks

A cap on interest rates is one of the measures being considered by the Government as it looks to crack down on loan sharks and other high cost lenders. But budgeting advisers say a cap alone won't work to stop people ending up trapped in a cycle of debt. In the second part of a series on the burden of debt, our social issues reporter Sarah Robson looks at some of the options for limiting unreasonable costs associated with borrowing.