The Citizen’s Advice Bureau has backed the Treasury Select Committee’s findings concerning the UK’s debt problems and its pledge to continue funding debt advice services.
Teresa Perchard, director of policy at Citizens Advice, says: “The Treasury Select Committee has identified the need for a long-term strategy on Financial Inclusion, which is vital if we are serious about tackling debt.
“We’re very pleased that committee chairman John McFall MP has also called for the funding for debt advice not to end in 2008. Citizens Advice is currently recruiting 370 debt advisers to help deal with the 1.4 million debt problems already received in bureau.
“We expect that figure to rise next year and would welcome an early signal from the Government that they will continue this funding beyond 2008.”