The Energy Crisis Is Forcing Families into Record Debt
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.
3 Articles by:
Joe Cox is a Senior Policy Officer at Debt Justice.
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.