Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what plans he has introduce a breathing space scheme to allow people with debt a period without interest, charges or debt collection activity while they seek advice and try to improve their financial situation.

The government has committed to exploring whether some form of “breathing space” would be a useful and viable addition to the current range of debt solutions available to consumers and creditors. Work is continuing on this review, and the government plans to provide an update in due course.