News & Views

Today’s announcement that the energy price cap is to rise by 80%, risks a 'Winter of Despair' for low to middle income households. Radical action is now needed to hold down prices, and protect those with prepayment meters in their homes.

The Bank of England's latest Financial Stability Review uses a new measure of household debt burdens, designed to take account of cost-of-living pressures. We provide our assessment, arguing for greater transparency concerning its method of calculation. At present, the Bank may be underplaying the financial stability risks associated with household debt and further interest rate rises could compound this further.

CfRC and Debt Justice have today submitted a joint response to HM Treasury's proposals for the Statutory Debt Repayment Plan ('SDRP').

As the cost-of-living crisis deepens, Executive Director, Damon Gibbons, questions whether credit expansion to households is part of the solution, or whether it would be better to extend help to service providers in return for commitments to keep prices down.