Extract from Westminster Hall debate on Access to Cash - Oct 20
Thursday, 21 October 2021 08:43
Rachel Hopkins (Luton South) (Lab):...Finally, there is the issue
of managing personal finances and the huge increase in personal
debt. I have heard much about that from the Luton citizens advice
bureau and from the debt advisers who work in the Salvation
Army in Luton South. People who are pushed into using cards,
digital or contactless find it less easy to manage their money,
particularly if they are on low incomes or are vulnerable, as I
have already said. They trip into...Request free trial
(Luton South)
(Lab):...Finally, there is the issue of managing personal finances
and the huge increase in personal debt. I have heard much about
that from the Luton citizens advice bureau and from the debt
advisers who work in the Salvation
Army in Luton South. People who are pushed into using
cards, digital or contactless find it less easy to manage their
money, particularly if they are on low incomes or are vulnerable,
as I have already said. They trip into increasing their personal
debt. Perhaps the Minister will tell us what analysis has been done
on the decrease in cash use and the increase in the preference for
digital, and on the impact of the increase to £100 in contactless
payments? What impact has there been on rising personal debt? I
thank my hon. Friend for securing this debate...
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