Debts

HM Treasury written question – answered on 19th January 2018.

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Photo of Peter Dowd Peter Dowd Shadow Chief Secretary to the Treasury

To ask Mr Chancellor of the Exchequer, by what date the Government plans to introduce a statutory breathing space scheme for household debt.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The Government has set out a clear timeline for the next stages of implementing a statutory breathing space scheme.

A Call for Evidence on the scheme closed on 16th January, and officials are now working on the development of the policy. The Government will consult on a single policy proposal in the middle of this year.

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