Debt is a growing problem with the OBR predicting that by 2022 personal debt will account for £2.258trillion, equivalent to £83,041 for every household in the country (Source: The Money Charity).
North Staffs Green Party have written to Stoke-on-Trent City Council calling on them to sign up to the Fair Credit for All campaign launched by the End High Cost Credit Alliance.
Campaign Coordinator Adam Colclough said, ' debt represents a huge burden on individuals and households that are struggling to get by'.
Debt charity Step Change found in a survey of the 326,897 new clients taken on in the first half of 2018 that a third were behind with their council tax payments, 13.1% with utility bills and that 18.3% had taken out high cost payday loans.
Personal debt in the UK stands at £1.623trillion, equivalent to £59,288 per family or £30,965 for every adult, accounting for 113% of average earnings.
Mr Colclough said, ' we need to make it easier for people to access fair credit and to get advice on how to manage their money'.
In their 2017 general election manifesto the Green Party pledged to create a network of local people's banks and to close the wealth gap by raising the minimum wage to £10 per hour.
The End High Cost Credit Alliance campaigns for responsible credit providers to be available on every high street and for access to debt counselling.
Detail about the campaign can be accessed via this link:https://the-alliance.org.uk/contact-us/
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