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Our response to the Conservative manifesto

18 May, 2017

In response to the publication of the Conservative manifesto and the inclusion of a commitment to a ‘Breathing Space’1 scheme to help people manage problem debt, Mike O’Connor, Chief Executive of StepChange Debt Charity, said:

“We welcome the Conservative’s inclusion of a ‘Breathing Space’ commitment to help people manage debt problems. People recovering from debt need the right protections and sufficient time to recover a sound financial footing.

“Problem debt devastates lives and imposes enormous social costs in the form of lost productivity, mental health care and other social costs. With consumer borrowing back at levels not seen since the economic crisis and continuing to grow strongly, the next government needs to commit to a concerted effort to tackle problem debt.

“In addition to better protections for people in debt, the next government should commit to action to prevent the 8.8m people currently showing signs of financial difficulty from falling into serious hardship. It should work to ensure better alternatives to dangerous forms of high-cost credit. And it should act to help families build up savings to insulate them from problem debt.”

Read the full StepChange Debt Charity Election Briefing 2017

Contact the StepChange news team on:

Tel: 0207 391 4598

Mobile: 07985 404 153

Email: press@stepchange.org

Follow our press team on Twitter: @StepChange

Helping you become debt free...

“I wish to thank your staff for all the great help they gave me when I was in so much debt.
They were a pillar of support to me.” (Leslie, Essex)

Foundation for Credit Counselling Wade House, Merrion Centre, Leeds, LS2 8NG trading as StepChange Debt Charity and StepChange Debt Charity Scotland. A registered charity no.1016630 and SC046263. It is a limited company registered in England and Wales (company no:2757055). Authorised and regulated by the Financial Conduct Authority.

*This is the average rating of our service based on the StepChange reviews on Feefo by DMP and DRO clients three months into their solution.

© StepChange Debt Charity 2017