Photo by Josh Appel on Unsplash. The Welsh Liberal Democrats have announced proposals that would see the debts of the poorest people in Wales written off.
Described by the party as a “Debt Bonfire” the scheme would see the Welsh Government purchase bad debt and cancel it for the most vulnerable in society.
Under the plans a specific and limited pot of funding would be made available to eradicate debt that has already been sold on to debt collection agencies.Recent research from the Joseph Rowntree Foundation revealed Wales is disproportionately affected by debt – 8% to 6% for the UK as […]
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