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…