Tuesday 5 February 2019 / 11:57 AM Economy / Jonathan Reynolds

The rising number of complaints about debt collection is an alarming reminder of the stress and anxiety people are facing – Reynolds

Jonathan Reynolds MP, Labour’s Shadow Economic Secretary to the Treasury, commenting on the Financial Ombudsman Service figures on debt collection, said:

“The rising number of complaints about debt collection is an alarming reminder of the stress and anxiety that people are facing in the Tories’ low-wage, high debt economy.

“One in three complaints about debt collection were upheld in the last quarter, showing that a considerable number of people are being exploited.

”We need real action on debt, not Tory indifference and Government policies that are forcing more people into debt.

“Labour will cap interest on consumer credit, introduce a £10 an hour real living wage and scrap student fees to end what has become a debt crisis under this Government.”