People in severe debt will be given a six-week “breathing space” to get their finances in order, under government plans.
Millions struggling with debt could be given six weeks’ grace
Dangers lurk under UK’s growing debt pile
Higher interest rates and rising inflation pose a serious threat to the public finances because the national debt is unusually exposed to price fluctuations, the Office for Budget Responsibility has warned. Of the £1.7 trillion of national debt, £386 billion is in index-linked gilts that move automatically with inflation. Another £371 billion is held by […]
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