/Damon Gibbons
Damon Gibbons

About Damon Gibbons

Damon is the Director of the Centre for Responsible Credit.

The decline of local welfare schemes in England

Local welfare provision in England is at risk of collapsing if Government does not urgently review its approach and step in with more funding for local authorities. A failure to act will create widespread destitution, and put even greater pressure on already over-stretched housing, health, and social care services. Those are the key messages from [...]

Improving Financial Health: new approaches and innovations

We've teamed up with the Financial Health Exchange at Toynbee Hall to deliver a fantastic new conference in London on 30th October. Too many households in Britain today are struggling with a combination of outstanding debt, low or no savings, and increasing pressure on incomes. Many are also finding it difficult to budget effectively due [...]

Politics needs to address Britain’s emerging consumer debt crisis

This briefing draws upon the latest data from the UK Economic Accounts released by the Office for National Statistics on 31st March 2017  (covering the period up to December 2016) and from the Bank of England’s NMG Consulting survey[1] (‘the NMG survey’) to provide information about the level and distribution of the household consumer credit [...]

By | 2017-06-06T03:11:16+00:00 June 6th, 2017|Blog|0 Comments

The closure of BrightHouse stores is good news but we need to alert people to the Fair for You alternative

The largest rent-to own company in the UK, BrightHouse, has recently announced that it is set to close a number of its stores, as it struggles to cope with increased regulatory scrutiny of its business practices. Commenting on this development, CfRC Director, Damon Gibbons, said: “The recent announcement that BrightHouse is set to close 28 [...]

By | 2017-02-16T13:43:15+00:00 February 16th, 2017|Blog|1 Comment

CfRC Annual Conference | Building a financially healthy society

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 [...]

By | 2017-02-23T10:02:18+00:00 January 9th, 2017|Blog, Events|0 Comments

Trialling ‘supported rent flexibility’ for social housing tenants

  The Centre for Responsible Credit, with funding from the Money Advice Service What Works? Fund, is trialling a programme of 'supported rent flexibility' with social housing tenants with dependent children in London and the South East. Prior research indicates that low income families face reasonably predictable pressures on their budgets at various points in [...]

By | 2017-01-06T14:50:58+00:00 January 6th, 2017|Blog|0 Comments

CfRC gives evidence to House of Lords

CfRC Director, Damon Gibbons, appeared before the House of Lords Select Committee on Financial Exclusion on Tuesday 1st November. The wide-ranging session included questions about the impact of the price cap on payday and other High Cost Short Term Credit lenders including the threat of illegal lending; how to ensure more responsible lending practice, tackle [...]

By | 2016-12-15T13:35:34+00:00 November 3rd, 2016|Blog|1 Comment

Improving the Financial Health of Low Income Groups

A new CfRC report identifies the need for new funding programmes to be established to meet the debt and financial capability advice needs of low income groups, including low paid workers and private tenants. The research (‘Improving the Financial Health of Low Income Groups’), which was supported by the JPMorgan Chase Foundation, reviewed how low [...]

By | 2016-12-15T13:35:34+00:00 October 26th, 2016|Blog|1 Comment

Risk of recession increases as household consumer credit debt burden hits ‘danger level’

The latest quarterly National Accounts data (released by the Office for National Statistics at the end of September) show a continued worsening of the household debt burden.  The household debt problem is now particularly acute for those with consumer credit debts and increases the risks of a new recession. Our measure of the household debt [...]

By | 2016-12-15T13:35:34+00:00 October 20th, 2016|Blog|0 Comments