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UK Household Debt

Nobody should fall into debt simply to put food on the table or heat their home.

UK Household Debt

Covid-19 has been the biggest shock of our generation, and its’ effects continue today. But for people who have lost their income and their jobs, and those who were in difficulty before the pandemic hit —  the pressure is now unbearable. 

25 million people, half of all adults, are now in debt or worried about falling into debt. Nearly ten million people are heavily in debt. Credit card borrowing has increased at record rates and energy debts have topped £1 billion. 

Already, the system wasn’t fair. Bad jobs, wages that weren’t keeping up with the cost of living, and the government’s lack of a proper safety net pushed many people onto the breadline, even before the pandemic disrupted our lives. 

Low wages, insecure work, welfare cuts and rip-off lending lay behind it all. Growing numbers of people simply couldn’t make ends meet, and had to borrow from rip-off, irresponsible lenders just to cover basic needs.

Millions more families have been plunged into difficulty, and forced to borrow money to make ends meet.

Solutions

We also need to address the current debt crisis by writing off harmful debt through a Fair Debt Write Downso that everyone can get a fresh start and rebuild their lives.  

What you can do right now: 

Email your councillor and demand they ban bailiffs for good

Campaign Resources

Together Against Debt - Community Organising in the UK
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Sign the petition to #ResetTheDebt
Take Action
Briefing - A Fresh Start After Covid‑19 – An outline strategy to tackle Britain’s household debt crisis
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Open letter to the Chancellor of the Exchequer (April 2020)
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Action Kit: The essential debt week action kit (November 2019)
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Briefing - Case for a cap on credit card costs (July 2019)
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Public letter to the Economic Secretary (July 2019)
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Household debt: the poverty trap (Drop It! Magazine, July 2018)
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Briefing Summary – End the debt trap (June 2018)
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Full Briefing – End the debt trap (June 2018)
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Briefing - The case for a household debt jubilee (March 2018)
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