An estimated six million people in the UK have fallen behind on one or more household bill as a result of Covid-19, with the biggest increases in debt amongst the poorest households.
People who were previously able to keep their head above water are now in severe difficulty. Others, who had been just staying afloat, now face being overwhelmed by circumstances entirely beyond their control.
This is an urgent problem that demands a solution. It is not right that those with the fewest resources should bear the heaviest burden of the lockdown, potentially for years to come.
Now is the time for a solution to be found.
We believe people swept into debt by Covid-19 now need a Jubilee. It's time to #ResetTheDebt.
We're proposing that the Chancellor creates a Jubilee Fund. This would provide grants to pay off and cancel unavoidable debt accrued by households during the lockdown period, giving them a more stable platform from which to face the future.
Write to your MP, calling on them to ask the Chancellor what the Government's plans are to address the crisis.