This budget will take place under the shadow of the cost-of-living crisis, which has seen a huge rise in the number of people facing unpayable debts. Unemployment is spiking, and personal insolvencies and bankruptcies are on the rise. People are simply not earning enough to cover the essentials – and being forced into debt because of it.
This debt crisis demands immediate action, and November’s budget is an opportunity to address it. Here’s how the chancellor could use this opportunity to take meaningful action to help end a crisis affecting over 10 million people.
A crisis in council tax debt
One of the fastest growing types of debt in the UK is council tax debt. Our analysis found that outstanding council…