28th February, The Foundry, London
2017 is set to be a critical year. The failings of the UK’s economic model, which is heavily reliant on consumer spending, are becoming apparent as households face a further attack on their living standards caused by the slide in Sterling. High levels of household indebtedness, rising levels of low paid and often insecure employment, and the continuation of the Government’s austerity policies, are all depressing economic growth. As household budgets come under further pressure the likelihood of another recession is increasing.
Our debt advice and insolvency system is preventing the swift discharge of debts that will be needed by households. It is also failing to address the needs of people moving in and out of work on a regular basis.
Consumer credit markets, despite some positive reform to regulation in recent years, still allow the extraction of incredibly high levels of interest from low to middle income households, and are a major contributor to growing wealth inequality.
A new generation of financial services is needed, with products co-designed with low to middle income households to meet their needs for low prices and flexible terms, and which are delivered at significant scale.
The conference will focus on these key challenges as well as discuss the wider challenges facing financial health support services in the face of public spending cuts.
The conference is being delivered by our host organisation, Learning and Work Institute. Please see their conference web-page for details of the final programme and to make your booking.