Piling on debt is no solution to rising energy bills
Press comment – for immediate release In response to the government’s announcement that customers will receive a £200 discount on their energy bills this year, with five years to repay…
Growing global debt crisis to worsen with interest rate rises
New figures released today by Jubilee Debt Campaign show that developing country debt payments have increased 120% between 2010 and 2021 and are higher than at any point since 2001.…
IMF loans must not be used to bail out Zambia’s private lenders
The IMF has announced that its staff have reached an agreement with the government of Zambia on a $1.4 billion loan over three years. The only information about the programme…
Rich countries’ betrayal at COP26 will worsen debt crisis
For more information and interviews contact Tim Jones on +44 7307 620372 In response to the final outcome of COP26 today, Heidi Chow, Executive Director of Jubilee Debt Campaign said: “Rich polluting countries have once…
Inaction on COP26 climate finance day leaves climate vulnerable countries facing mounting debt
In response to the pledges and discussion on the theme of finance at COP26 today, Heidi Chow, Executive Director of Jubilee Debt Campaign said: “Today’s discussions and pledges on climate…
Reaction to the UK Chancellor’s speech at COP26
UK Chancellor points to action on debt at COP26 but ignores failure of G20 debt relief schemes In response to the UK Chancellor Rishi Sunak’s speech today where he highlighted the need to act on unsustainable debt…
LOCH NESS MONSTER SEIZED BY POLICE AT COP26
PICTURES HERE WEDNESDAY 3RD NOVEMBER 2021: FOR IMMEDIATE RELEASE Scotland’s most elusive monster was due to make an appearance on the river Clyde to highlight the monster-osity of climate debt…
Sierra Leone President flags unsustainable debt hampering climate action at COP26
Today at COP26, President Julius Maada Bio of Sierra Leone, raised debt as a key barrier to fighting the climate emergency. President Julius Maada Bio highlighted how unsustainable debt was…
Lower income countries spend five times more on debt than dealing with climate change
Lower income countries are spending over five times more on external debt payments than projects to protect people from the impacts of climate change. The figures, released today by Jubilee…
UK to cut £861 million from aid budget using fictitious debt
The UK government has confirmed that it will cut a further £861 million from the UK aid budget through cancelling debt owed by Sudan. In a Freedom of Information Act response, the government…