Frank Field – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Frank Field on 2016-01-25.

To ask Mr Chancellor of the Exchequer, by when he expects to publish the outcome of HM Treasury’s consultation on the recommendation made in the review by Christine Farnish of the Money Advice Service, published in March 2015, for a breathing space mechanism to protect vulnerable customers making debt repayments.

Harriett Baldwin

The Government is committed to exploring whether some form of “breathing space” would be a useful and viable addition to the range of formal and informal debt solutions available to consumers and creditors. Officials in HM Treasury and the Insolvency Service have been asked to discuss this issue with stakeholders with a view to identifying possible options and have begun work on this review.