Government shells out for debt advisers
In a move that reflects its concern at the country’s growing debt problem, the Government is handing out £45m to employ 500 independent debt advisers over the next two years.
The money, from the Government’s Financial Inclusion Fund, is being channelled to a number of organisations such as the Citizens Advice Bureaux (CAB).
Trade & Industry Secretary Alan Johnson said: “This £45m boost to provide more free face-to-face debt advice is vital to help ensure more people with severe debts have access to the right advice when they need it.”
CAB chief executive David Harker said: “CABs have seen a huge increase in the number of people seeking debt advice in recent years and last year we dealt with 1.25 million debt problems.
“We are thrilled with this news, which represents a real vote of confidence in our debt advice.”