Breathing Space Scheme

Part of the debate – in the House of Commons at 1:08 pm on 19th June 2019.

Alert me about debates like this

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury 1:08 pm, 19th June 2019

We certainly keep all matters under review, but the 60-day period has not come from nowhere; it has come from deep engagement with the sector. As Joanna Elson, the chief executive of the Money Advice Trust, has said,

“this new scheme could well be a game-changer in our efforts to tackle problem debt as a society.”

I recognise that there are a range of views, but we have looked at what is out there and considered the Scottish experience, and we believe that this is the right policy response.