Sue Robb of 4Children talks to Julie Laughton and Alison Britton from the Department for Education about the role of childminders in delivering the 30 hours free entitlement.
The government is introducing new measures to help millions of people get their finances and debt under control by providing a new breathing space period, which will freeze interest, fees and enforcement.
Released on Time to Talk Day, a 60-day breathing space period will see enforcement action from creditors halted and interest frozen for people with problem debt. During this period, individuals will receive professional debt advice to find a long-term solution to their financial difficulties.
Additionally, those receiving mental health crisis treatment will receive the same protections until their treatment is complete, in acknowledgement of the clear impact problem debt can have on wellbeing.
The Treasury forecasts that the move will help over 700,000 people across the UK get professional help in its first year, increasing up to 1.2 million a year by the tenth year of operation. Of this, 25,000 to 50,000 people in mental health crisis treatment are expected to benefit from breathing space every year.
John Glen, Economic Secretary to the Treasury, said: “Being trapped in debt can be an incredibly difficult experience, and with interest and potential enforcement action to contend with, it’s no surprise how stressful the impact can be. Today’s figures underline just how critical it is that we roll out this policy, particularly on a day like today, where we should all work to reduce the stigma of mental health issues. That’s why we will introduce breathing space in early 2021 as planned, so we can level up the whole country and help millions of people to rid themselves of problem debt.”
Phil Andrew, CEO of StepChange Debt Charity, said: “We know that debt is bad for your mental health, with all the additional stress and anxiety that it can create. Around two in five people who turn to us have an additional vulnerability on top of their debt – and for half of them, that vulnerability is a mental health problem.
“However, the good news is that after debt advice, many people report improvements in their well-being such as being able to sleep better at night or cope better with day-to-day life. Breathing space will deliver much needed additional help in two important and connected ways. It will encourage more people to seek advice, and when they do, there will be better protections in place to stop further harm and help recovery.”
Sue Robb of 4Children talks to Julie Laughton and Alison Britton from the Department for Education about the role of childminders in delivering the 30 hours free entitlement.
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