The Treasury Committee has today published a unanimously-agreed report on household finances.

Key findings

Many households are over-indebted and lack a ‘rainy day’ savings buffer

• 'Uncompromising' local and central government debt collection should be reformed
• FCA should move forward with regulation to limit cost of high-cost credit, including overdraft fees, urgently
• ISA tax relief does little to incentivise saving for lower-income savers

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Download the report here.