Text Options
Increase Type Size ButtonDecrease Type Size ButtonRefresh Type Size Button
Helping to serve your community, Chris Evans MP Help Shape Britains Progressive Future

23rd February 2017 - Islwyn MP backs breathing space for families in problem debt

Islwyn MP backs breathing space for families in problem debtThe MP for Islwyn, Chris Evans, has thrown his support behind calls for a new ‘Breathing Space’ after writing to the Treasury urging them to publish a review into the scheme.

‘Breathing Space’ would help thousands of families recover from unmanageable debt by placing a temporary freeze on interest and enforcement action if they sought formal debt advice. It would also allow those in debt to avoid bankruptcy by setting up manageable and sustainable repayment plans. 

According to figures produced by the Bank of England, unsecured household debt is rising at its fastest rate since the 2008 financial crisis. This debt can lead to aggressive action from creditors who can demand unaffordable repayment rates.

Debt charity Step Change and The Children’s Society found that children living in families with problem debt levels are five times more likely to be unhappy than those who do not. Their research has also found that spiralling debt can lead to relationship breakdown alongside high stress and anxiety levels.

Mr Evans, who has campaigned for several years on the issue of personal debt, said: ‘Over the past few years, household debt has been rising to levels never before seen. Behind every unrepayable debt statistic is a family which faces ruin and children who have to experience turbulence and insecurity.

‘An initiative like the ‘Breathing Space’ scheme would give many families the chance they need to tackle their debts and get their lives back on track. This is clearly a good thing for the families concerned and the creditors who expect repayment.

‘The government must act now to make good on their promise to review the feasibility of this scheme and bring it into law as soon as possible.’

Click Here to View GalleryNews Archive

20.10.17 - Islwyn MP calls on government to do more to protect Coptic Christians in Egypt. read more

19.10.17 - Islwyn MP backs fight to pause 'shambolic Universal Credit. read more

18.10.17 - Islwyn MP calls for end to cruelty of hidden UK Puppy Trade. read more

17.10.17 - ‘Government must clamp down on British terror fighters’ says Islwyn MP. read more

17.10.17 - Islwyn MP hits out at ‘deeply flawed’ constituency proposals. read more

11.10.17 - 'Protect Shopworkers from violence and threats' says Islwyn MP. read more

11.10.17 - Fears raised Wales could be a dumping ground for radioactive mud. read more

02.10.17 - ‘The valleys are full of hidden artistic talent’ says Islwyn MP. read more

19.09.17 - Islwyn MP Celebrates Achievements of South Wales Industry. read more

12.09.17 - "Recognise the Vital Role Animals Played in Wartime" says Islwyn MP. read more

12.09.17 - Islwyn MP Backs Campaign to Scrap Public Sector Pay Cap. read more

20.07.17 - Rail electrification scheme ‘a shambles’, says Islwyn MP. read more

19.07.17 - MP demands action and slams ‘disgraceful’ standard of forces accommodation. read more

18.07.17 - Islwyn MP hits out at ‘overspending’ railway electrification project. read more

17.07.17 - Islwyn MP calls for extra support for mobile cancer care units read more

11.07.17 - Islwyn MP hits out at government’s ‘failed economic policies’ read more

05.07.17 - Islwyn MP pledges to tackle loneliness . read more

04.07.17 - Islwyn MP honoured by University of Wales Trinity St David’s. read more

27.04.17 - ‘The government must stop pollution deaths scandal,’ says Islwyn MP. read more

06.04.17 - ‘Defence contract shows Islwyn is the place to do business’, says Islwyn MPread more

30.03.17 - Islwyn MP hits out at ‘unfair’ TV licence extra charges. read more

29.03.17 - ‘The UK must act to end the crisis in Yemen’, says Islwyn MP. read more

23.03.17 - ‘More needs to be done about ‘disgraceful’ road pollution’ says Islwyn MP. read more

17.03.17 - ‘It is vital to counter radicalisation from returning Daesh fighters’ says Islwyn MP. read more

15.03.17 - Chancellor fails to rule out 2020 tax rise for self-employed after a question from Islwyn’s MP. read more

09.03.17 - ‘This budget is an attack on our small business owners’ says Islwyn MP. read more

03.03.17 - Islwyn MP demands answers over rail project failures. read more

23.02.17- Islwyn MP backs breathing space for families in problem debt. read more

08.02.17 - ‘Banks use unfair overdrafts to sell unneeded financial products’ says Islwyn MP. read more

07.02.17 - ‘HMRC must get tougher on rich tax avoiders,’ says Islwyn MP. read more

Visit Newsroom
© Copyright Christopher Evans 2010 | All rights reservered | Disclaimer