The energy crisis is forcing families into record debt
As the colder months draw in, our cost of living crisis shows no signs of abating, with inflation continuing to rise much faster than wages and benefits. That’s little surprise…
Press Comment: Energy price rise will push millions into debt
Responding to today’s dramatic rise in the energy price cap, Heidi Chow, Executive Director at Debt Justice said: “These price rises will push millions more households into energy debt and…
The government announces outcome of Debt Relief Order consultation: What’s changed?
The government has published the outcome of their consultation on Debt Relief Orders, one of the ways that people can access support if they are in problem debt. Back in…
FCA failing poorer households over credit card debt
New report shows Financial Conduct Authority are failing to adequately protect consumers from high interest costs on credit cards Calls for a cap on the total cost of charges that…
Regulating the credit card market: why we need a cap on costs
Briefing: Regulating the credit card market: why we need a cap on costs The UK is in the grip of a consumer debt crisis. As at April 2019, households owed…
Personal debt grows six times more than wages
Bank of England figures released today show that unsecured personal debt is 6.5% higher than a year ago Jubilee Debt Campaign has calculated that unsecured personal debt has grown by…
Bank of England interest rate hike will push up unjust debt payments
Responding to the decision by the Bank of England to raise its’ base rate from 0.5% to 0.75%, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “Poor wage growth…
Poverty trap: household debt is on the rise in the UK
Britain is in the midst of a severe and prolonged household debt crisis. No-one should have to get into debt just to put food on the table and heat their…
Press release: call for a household debt jubilee
Anti-poverty campaigners will today (Tuesday 6th March) call on the Government, the Bank of England and the Financial Conduct Authority (FCA) to instigate a Household Debt Jubilee in order to…
The case for a household debt jubilee
This briefing makes the case for writing off around £40 billion of ‘unjust’ household debt in the UK. A decade since the onset of the global financial crisis, outstanding household debt…