HM Treasury written question – answered on 14th March 2017.

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Photo of Steve McCabe Steve McCabe Labour, Birmingham, Selly Oak

To ask Mr Chancellor of the Exchequer, what progress has been made on identifying possible options for an England and Wales debt breathing space scheme.

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

The government has committed to exploring whether some form of “breathing space” would be a useful and viable addition to the current range of debt solutions available to consumers and creditors. Work is continuing on this review, and the government plans to provide an update in due course.

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