Policy to give people in debt breathing space

The video discusses the financial struggles faced by individuals due to unexpected life changes, such as a partner's pregnancy, leading to significant debt. It highlights the role of the charity Stepchange in providing debt management advice and the importance of seeking help to recover from financial difficulties. The video also presents alarming statistics on consumer debt in the UK, emphasizing the growing issue of credit card debt. Finally, it covers legislative efforts, such as a bill proposed by MP Kelly Tolhurst, aimed at providing financial respite for families with children in debt, showcasing cross-party support for improving the situation for struggling families.

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