The budget must address the household debt crisis
This budget will take place under the shadow of the cost-of-living crisis, which has seen a huge rise in the number of people facing unpayable debts. Unemployment is spiking, and…
Beyond the UK budget: The global debt crisis we should be worried about
In the weeks of media speculation ahead of the UK budget, government debt has dominated the headlines. The threat of a “debt crisis” is often used to justify cuts in…
Reaction to Hurricane Melissa
For more information and interviews, contact Jerome Phelps on +44 (0)300 040 0011 In response to the destruction caused by Hurricane Melissa in the Caribbean, Richard Jones, Executive Director of…
Reaction to UK Ofgem announcement of energy debt cancellation
For more information and interviews contact Toby Murray on +44 (0)300 040 0011 Ofgem has announced the first phase of its scheme to address the record £4.4bn energy debt that…
Bailiff referrals for council tax soar by 30% in two years
For more information and interviews contact Toby Murray on +44 (0)300 040 0011 Use of bailiffs by local authorities in England and Wales has increased by 30% in just two…
Reaction to Ethiopian bondholders rejecting debt relief deal and threatening to sue
Ethiopia’s bondholders have again rejected a debt restructuring deal and have threatened to sue.[1] Reacting to the news, Tim Jones, Policy Director at Debt Justice said: “Ethiopia’s bondholders are refusing…
IMF denials of debt relief triggering drastic health and education spending cuts in lower-income countries
Lower-income countries that have been refused the opportunity to seek debt relief by the IMF have instead cut health and education spending by a sixth, according to new research by…
Debt Justice’s response to Ofgem’s “Update on our approach to the Debt Relief Scheme (DRS)”.
Debt Justice’s response to Ofgem’s “Update on our approach to the Debt Relief Scheme (DRS)”. Introduction Debt Justice is a campaigning organisation that exists to end unjust debt and its…
Debt payments to private lenders three times higher than to China
Lower-income countries are spending three times more on debt payments to private lenders than to China. Research by Debt Justice, using World Bank and IMF data, finds that between 2020…
Debt, democracy and the rise of authoritarianism
Earlier this month, as protesters again took to the streets in Kenya, President Ruto told police that they should “shoot their legs so they break”. His hardening rhetoric in response…
