Written question asked by Jim Shannon (Democratic Unionist Party) on Monday, 11 December 2017, in the House of Commons. It was due for an answer on Wednesday, 13 December 2017. It was answered by Steve Barclay (Conservative) on Tuesday, 19 December 2017 on behalf of the Treasury.

Debts

Question: To ask Mr Chancellor of the Exchequer, what steps his Department is taking to assist people with household debt.

Answer

The Government established the Money Advice Service, which spent just under £49m last year to provide over 440,000 free-to-user debt advice sessions. And we are now creating a Single Financial Guidance Body to ensure consumers get better money and pensions guidance, and debt advice.

The Government is also committed to establishing a six-week breathing space scheme. It published a Call for Evidence on the scheme in October. An amendment to the Financial Guidance and Claims Bill gives the Government the ability to implement the scheme, after receiving advice on aspects of the scheme from the Single Financial Guidance Body.

Secondary information

Type: Written question
Reference: 118436
Session: 2017-19
Transferred: Yes
Subjects: Debts
Link: View this Written question on www.parliament.uk

Debts

Secondary information

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