UK household energy debts up 43%
The total energy debt weighing down UK households has hit another historic high, according to new analysis by campaigning group Debt Justice. The analysis, based on the latest data from…
Ghanaian civil society call on private lenders to cancel external debt
A group of Ghanaian civil society organisations have today released a statement calling on international lenders to cancel enough of Ghana’s debt to make it sustainable. They call on Ghana…
Ghosh, Piketty and Varoufakis among 182 experts calling for Sri Lanka debt cancellation
182 economists and development experts have called for debt cancellation for Sri Lanka to help it out of its current economic crisis. In a statement released today, the signatories –…
Press Comment: Booming Credit Card Borrowing Another Warning Light on the Dashboard
Responding to this morning’s Bank of England Money and Credit Data for November 2022 showing that additional monthly credit card borrowing reached its highest level since March 2004, Heidi Chow,…
Reaction to the establishment of a Loss and Damage Fund at COP27
Responding to the COP27 agreement to set up a new Loss and Damage Fund, Heidi Chow, Executive Director of Debt Justice said: “This is a landmark decision that is long…
Reaction to Autumn Statement
For more information and interviews contact Eva Watkinson on +44 7870187861 Responding to the government’s Autumn Statement, Heidi Chow, Executive Director at Debt Justice said: “The chancellor has failed to…
Reaction to G20 statement on debt
Reacting to the G20 leader’s statement section on debt in low- and middle-income countries[1], Tim Jones, Head of Policy at Debt Justice said: “A tidal wave of debt crises is…
Reaction to UK suspension of loan payments in response to climate extreme events
Today the UK government has announced that new lending UK Export Finance makes to low-income countries and small island states will include clauses to defer payments when countries are hit…
The climate crisis could increase African country debts by $1 trillion
Sub-Saharan African countries will have to take on almost $1 trillion in debt over the next ten years unless wealthy countries provide adequate finance to address the climate crisis, according…
Reaction to no debt relief for Chad, and lack of action on debt at IMF Meetings
The G20 have announced that Chad will not be getting any debt relief through their Common Framework for Debt Treatments.[1] The G20 also failed to agree a statement, including making…
