HM Treasury written question – answered on 7th February 2017.

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Photo of Royston Smith Royston Smith Conservative, Southampton, Itchen

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 12 October 2016 to Question 47155, what progress has been made on (a) funding and (b) bringing forward legislative proposals on a breathing space mechanism for families in debt.

Photo of Simon Kirby Simon Kirby The Economic Secretary to the Treasury

The government committed to exploring whether some form of “breathing space” would be a useful and viable addition to the current range debt solutions available to consumers and creditors. Work is continuing on this review and government plans to report back shortly.

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