Helen Goodman – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Helen Goodman on 2016-10-10.

To ask Mr Chancellor of the Exchequer, what assessment he has made of the implication for his Department’s policies of the Children’s Society’s recent report, Damage of Debt; and if his Department will introduce a statutory breathing space scheme for families in debt.

Simon Kirby

The Government noted the report with interest and is grateful for the important work that The Children’s Society does. The Government is committed to supporting individuals in 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.