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1 May, 2020 Open access

Policy changes needed to prevent ‘financial cliff-edge’ when short-term protections against impact of coronavirus come to an end, says Citizens Advice

New report calls for range of longer-term measures to ensure that people are not penalised for unavoidable debts built up during pandemic

1 May, 2020 Open access

FCA extends period during which lenders are required to contact ‘mortgage prisoners’ to let them know they are now able to switch mortgages

Extension of deadline due to 'significant changes' in the mortgage market since the outbreak of coronavirus, which mean that that it would be wrong to require letters to be sent to people at this time

28 April, 2020 Open access

27 April, 2020

Centre for Social Justice report ‘makes powerful case’ for Government Debt Management Bill, says Money Advice Trust

Trust also welcomes the CSJ's call for improved council tax collection practices and independent regulation of the bailiff industry

22 April, 2020 Open access

20 April, 2020 Open access

Government must take urgent action to ‘close the gaps’ in its support of household finances during the COVID-19 crisis

Money Advice Trust calls for additional funding to enable local authorities to offer payment holidays on council tax bills, and to pause arrears collection and enforcement action

17 April, 2020 Open access

FCA announces proposals to support high-cost credit customers facing financial difficulties due to coronavirus

New package of measures includes a one-month interest-free payment freeze on payday loan repayments

14 April, 2020 Open access

9 April, 2020 Open access

7 April, 2020 Open access

Extension of ‘breathing space’ for people with problem debt in Scotland extended to six months during coronavirus outbreak

New measures set out in Coronavirus (Scotland) Act 2020 that received Royal Assent yesterday

2 April, 2020 Open access

‘Breathing space’ for people with problem debt to be extended from six weeks to six months under Coronavirus (Scotland) Bill

Bill, passed unanimously in Scottish Parliament yesterday, also removes the limitation on applying for breathing space more than once in a 12 month period

2 April, 2020 Open access

FCA proposes three month payment freeze on loans and credit cards, and zero interest on up to £500 of arranged overdrafts, for those impacted by coronavirus

Proposals are among package of measures to be introduced from 9 April 2020 if confirmed following consultation

1 April, 2020 Open access

COVID-19 crisis has revealed widespread financial vulnerability and long-term changes to support are necessary to build resilience, says StepChange

Debt charity says new statistics are a worrying indicator of people’s financial fragility, with many households only just managing to scrape by

26 March, 2020 Open access

Debt charities call for bailiff action to be suspended during coronavirus outbreak

While some councils are taking action locally, clear instruction is needed from government to ensure all local authorities comply

23 March, 2020 Open access

Failure to maintain Debt Arrangement Scheme payments in Scotland will not lead to revocation of the Arrangement if causally linked to coronavirus

Scotland’s Accountant in Bankruptcy also suspends all sale and eviction from property in ongoing bankruptcy administrations

18 March, 2020 Open access

Chancellor announces a minimum three month mortgage holiday for those affected by coronavirus

Government confirms that payment holidays will also be adopted 'where necessary' for Help to Buy customers

11 March, 2020

Additional £12.5 million to be invested in HMRC to help it to prepare for breathing space

In Budget 2020, government says funding for 2020/2021 will support the Revenue in beginning work immediately on implementation of new initiative

3 March, 2020

Stigma is a key barrier to seeking help with debt, says Money Advice Scotland

New report calls for camapaign to increase awareness of debt and reduce stigma as part of Scottish Government's Debt Advice Routemap