Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, when the Government plans to bring forward legislative proposals on the breathing space mechanism for families in debt.
The government fully supports the principles of better debt management and lower levels of problem debt. This government has a manifesto commitment to introduce a statutory breathing space that would give heavily indebted consumers a period of respite from enforcement action, and further interest and charges for a period of up to six weeks. Where appropriate, they will be offered a statutory repayment plan to help them pay back their debts in a sustainable way. We will outline further information in due course.