Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, how much funding his Department has provided to the Money and Pensions Advice Service for debt advice services in the (a) 2022-23 and (b) 2023-24 financial year; and what estimate he has made of the level of demand for these services in the same period.

The Money and Pensions Service’s (MaPS) 2022-23 debt advice budget was £91.4m, with the majority of those funds allocated to free-to-client frontline debt advice delivery in England. MaPS’ 2023-24 debt advice budget will be communicated through the Financial Conduct Authority’s consultation, due to be published in April.