Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what additional resources the Government will provide to the debt advice sector to ensure it can respond effectively to the 60 per cent increase in demand for debt advice forecast by The Money and Pensions Service.

The Government recognises the importance of providing a strong financial footing for the debt advice sector and is committed to helping people access the support they need to get their finances back on track.

This is why the Government has agreed to maintain record levels of debt advice funding for the Money and Pension Service in 2021-22, bringing the budget for free debt advice in England to £94.6 million. This is more than a 70% increase since 2019-20 and reflects the Government’s commitment to ensure that appropriate support is available for people in problem debt.