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Hard-pressed households need Government action to deal with debts

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

Click here to read the full story.

Download the report here

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