Hard-pressed households need Government action to deal with debts
The Treasury Committee has today published a unanimously-agreed report on household finances.
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.