Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, by when his Department plans to report its funding on a proposed breathing space mechanism for problem debt.

The Government is exploring whether some form of “breathing space” would be a useful and viable addition to the range of formal and informal debt solutions available to consumers and creditors. Officials in HM Treasury and the Insolvency Service have been asked to discuss this issue with stakeholders and the Government will report back this autumn.