23 August, 2016
In response to the TUC and Unison’s new report ‘Britain in the Red’, Peter Tutton, Head of Policy at StepChange Debt Charity, said:
“Every week we see thousands of households struggling to keep up with their essential bills and credit repayments. Sluggish wage growth and the rise in insecure jobs have left households even more financially vulnerable. When budgets are stretched to the limit, even a small income shock can push people into serious financial difficulty.
“Too many households are relying on credit to get by and this massively increases their chances of falling into severe problem debt. The Government could act quickly to give better options to hard-pressed households by completing its overdue review for a ‘breathing space’ scheme. Such a scheme would help people regain control of their finances and stop temporary setbacks turning into long term, devastating debt problems.”