Property News · March 5, 2018

Jubilee Debt Campaign seeks £40bn write-off of consumer borrowing


Charity behind Drop the Debt initiative in Latin America and Africa turns attention to BritainThe 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. Continue reading…

Source : theguardian.com
Read more…Jubilee Debt Campaign seeks £40bn write-off of consumer borrowing

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