The stock of outstanding consumer credit is at an all-time high. But relative to gross household incomes the ratio is falling. In this blog we take a deep dive into the data, highlighting why aggregate measures are misleading, and reporting on the shocking severity of the consumer credit debt burden being experienced by low income households.

Today’s announcement that the energy price cap is to rise by 80%, risks a 'Winter of Despair' for low to middle income households. Radical action is now needed to hold down prices, and protect those with prepayment meters in their homes.

The Bank of England's latest Financial Stability Review uses a new measure of household debt burdens, designed to take account of cost-of-living pressures. We provide our assessment, arguing for greater transparency concerning its method of calculation. At present, the Bank may be underplaying the financial stability risks associated with household debt and further interest rate rises could compound this further.

As the cost-of-living crisis deepens, Executive Director, Damon Gibbons, questions whether credit expansion to households is part of the solution, or whether it would be better to extend help to service providers in return for commitments to keep prices down.

The House of Lords will this week debate an amendment to the Financial Services Bill to ensure a “fair debt-write down” is incorporated within Government’s plans for a Statutory Debt Repayment Plan.

How you write your advertising copy will be based on where you will place your ad. If it’s a billboard ad, you’ll need a super catchy headline.

Last year the Centre for Responsible Credit was commissioned by The Commonwealth to provide a discussion paper on rising levels of household debt and how to mitigate its impacts for households and economies.