Our response to Bank of England Money and Credit statistics

_{September 29, 2017}

In response to the latest Bank of England Money and Credit Statistics, Peter Tutton, Head of Policy at StepChange Debt Charity, said:

“Consumer credit growth remains high, demand for debt advice is at record levels and, after years of decline since the economic crisis, the unsecured debt levels of our clients are increasing."

"Millions of people’s household finances are on a knife edge with nearly 9m people in the UK having had to rely on credit to cover essential household bills in the last year. Increasing levels of household borrowing will almost certainly mean more people falling into serious financial difficulty in the future. The Government needs to make this issue a policy priority now.”