4 Articles by:
Joe Cox is a Senior Policy Officer at Debt Justice.
Today’s interest rate hike will force millions of households to borrow just to make ends meet while doing nothing to curb inflation caused by the rich. We need a debt write off to escape the cost of living crisis.
Even before the April price hike, British families were £2.1 billion in energy debt. Capping prices at today’s levels won’t do – we need a real reduction and public ownership.
The soaring cost of living is forcing millions to turn to credit card borrowing just to survive. We need a write off of unjust debt to give people a chance to rebuild their lives.
New polling shows that 3 million people expect cost of living increases to push them into debt, joining 8.5 million people already struggling to repay – to avoid another disaster, it’s time for a debt writedown.