The charity behind the Drop the Debt campaign to help developing countries stuck with problem borrowing is turning its attention to Britain, calling for government action to write off as much as £40bn in spiralling consumer debt.
The Jubilee Debt Campaign, famed for its association with Bono, Bob Geldof and Muhammad Ali in aiding African nations at the turn of the millennium, is launching a campaign to cancel the debts of struggling British consumers in one of its first-ever drives in an advanced economy. The move comes as household borrowing returns to levels unseen since the financial crisis.
The group is working with the Centre for Responsible Credit thinktank and will hold an event in parliament this week with the actor Michael …
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