Question to the HM Treasury:

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

The government’s manifesto proposed implementing a statutory Breathing Space, lasting for a period of up to six weeks, for severely indebted individuals. Breathing Space is a complex issue, and it is of the upmost importance we get the policy right. Work is on-going and the government will set out its plans for taking the proposal forward in due course.