Nevertheless, it proposed 2016 will be a switching point in its economic performance.

By Kevin Peachey Private finance reporter By Kevin Peachey private finance reporter.The UK s biggest payday loan provider Wonga saw its losses twice a year ago as tougher legislation on the market proceeded to bite. The temporary loan provider saw pre taxation losings grow from Р’Р€38.1m in 2014 to Р’Р€80.2m this past year. It's overhauled the real way it assesses applications for credit, and extended the repayment term for a few loans. But, it recommended…