HM Treasury

CfRC and Debt Justice joint response to HM Treasury's proposals for the Statutory Debt Repayment Plan ('SDRP') calls for major revisions, including the incorporation of a mechanism to write down debts sold to debt collection agencies and for public scrutiny of the Standard Financial Statement 'trigger figures' used to determine how much debtors will need to pay back through the plans.

August 5, 2022

15

 min read

In 2016 we were jointly commissioned by UNISON and the TUC to undertake an analysis of over-indebtedness in Britain. The report highlighted how traditional measures of the debt burden understated this because they fail to take account of rising living costs. We construct a new measure based not on gross incomes but on the level of interest payments relative to the available surplus of income over non debt related expenditure. We call for this measure to be used to guide future policy interventions.

June 1, 2016

60

 min read

We need urgent action to address Britain’s household debt crisis. Even before the Covid‑19 pandemic 7.2 million people (fourteen percent of the population) were heavily burdened by debt.

March 1, 2021

5

 min read