12.8 million UK adults weighed down by debt
New analysis by Debt Justice has found that the number of households struggling under a heavy debt burden has increased by two thirds since 2017. Based on the Financial Conduct…
Summit for a New Global Financing Pact fails to deliver on debt
For more information and interviews contact Tim Jones on +44 7307 620372 Responding to the outcome of the Summit for a New Global Financing Pact held in Paris this week,…
Reaction to debt relief deal for Zambia
Today it has been reported that Zambia’s official creditor committee announced it has reached a deal to restructure Zambia’s debt. Reacting to the announcement Isaac Mwaipopo, Executive Director of the…
Heavily indebted households need ‘help to repay’ energy arrears
Debt Justice have co-signed a letter to the Secretary of State for Energy, Grant Shapps, urging the government to set-up a dedicated ‘Help to Repay’ scheme to support people struggling…
High energy prices entrenching household debt crisis
In response to the Ofgem announcement of a new energy ‘price cap’ of £2,074, Debt Justice has warned that consistently high energy prices are entrenching the UK’s household debt crisis.
Bondholders could make $30 billion profit by refusing to cancel debts
The big finance firms that own the debts of five countries in a debt crisis are set to collectively make $20-$30 billion of profit if they refuse to cancel debt…
Ofgem green light to force fit new pre-pay meters ‘toothless’
One pre-pay meter is one too many. It’s time for politicians to write off unaffordable energy debt and end this two-tier energy system that has caused so much harm.
Lower income country debt payments to hit highest level in 25 years
Lower income country debt payments in 2023 will hit the highest level since 1998, according to figures released by Debt Justice today. External debt payments for 91 countries will average…
Pre-pay energy customers £1 billion in debt
For immediate release 01/04/23 New figures from Debt Justice reveal that pre-pay energy users are being weighed down by £965 million of energy debt as households are hit by ‘price…
Press Comment: Budget exposes government disconnect
Responding to today’s budget, Heidi Chow, Executive Director of Debt Justice said: “This budget exposes how disconnected the government is from the everyday lives of people where millions are suffering…