Margaret Greenwood
Main Page: Margaret Greenwood (Labour - Wirral West)Department Debates - View all Margaret Greenwood's debates with the HM Treasury
(8 years, 3 months ago)
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The Economic Secretary to the Treasury (Harriett Baldwin)
I am delighted to tell my constituency neighbour that at the end of last year we announced that all the major banks are now able to offer a basic bank account to customers who require one.
Margaret Greenwood (Wirral West) (Lab)
T6. Many of my constituents who watch “Coronation Street” will be following the story of Tyrone Dobbs’ struggle with debt with keen interest. Unsecured lending reached a record high last year, with more than 3 million people in problem debt. The Government promised a review of what breathing space creditors should give to people who are engaged with a debt charity or agency, so that their debts do not continue to spiral out of control while they are working to resolve them. The review was due by the end of 2015. When do the Government now plan to announce it?
Harriett Baldwin
In answer to earlier questions I referred to the importance that we place on the team that will tackle illegal money lending. We have continued to support funding for debt advice, including through excellent organisations such as Christians Against Poverty, StepChange and Citizens Advice, to help individuals such as those mentioned by the hon. Lady.