The new Breathing Space and Mental Health Crisis Debt Respite Scheme will come into force on May 4 and could help up to 700,000 people per year with their debts
The Covid-19 pandemic has hit plenty of people hard through job losses and slashed incomes. But the governments new debt respite programme, known as the breathing space scheme, is set to help people from becoming trapped in problem debt.
A number of charities have been calling for the breathing space scheme over the last decade and the UK Government announced it would be brought into law back in 2019.
Last year, the Treasury estimated the new scheme could benefit up to 700,000 people in its first year, rising to more than a million people within a decade. The government departmen…
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