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From The Socialist newspaper, 31 August 2016

Over a million families in 'extreme problem debt'

Pressure and stress can be overwhelming, photo Bhernandez (Creative Commons)

Pressure and stress can be overwhelming, photo Bhernandez (Creative Commons)   (Click to enlarge)

Mary Jackson

The latest report from the Trade Union Congress outlining personal debt in Britain is shocking.

1.6 million low-income families in 'extreme problem debt' - debt so crippling that it takes 40% of their total household income. Another 3.2 million households, that's one in eight, are struggling to manage their debt repayments, taking up 25% of income.

Total 'unsecured' debt - which excludes mortgages - for UK households rose by 48 billion between 2012 and 2015. It reached a staggering 353 billion. Debt has risen and income fallen by a tenth since the world economic crash in 2007-8.

Behind these figures is a nightmare of misery and deprivation: real people, worried to death at how they are going to survive.

Unnecessary

I worked in Citizens' Advice for many years. It's extremely rare for people to get in unnecessary or unfordable debt. It's invariably a change of circumstances that makes debt unaffordable. A decrease in hours, losing a job, becoming ill, having an accident.

We can't wait until 2020 for a general election. People are dying, children are hungry.

We need a minimum wage of 10 an hour without exemptions, and the reversal of all benefits cuts - now. Nationalise the banks and loan companies under democratic workers' control and management. Mass investment in infrastructure and council house building to create jobs and homes.

Kicking the Blairites out of Labour and building for a 24-hour general strike against austerity would be a good starting point. The Tories are still weak and divided. United working class action with a clear socialist programme could bring them down.

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In The Socialist 31 August 2016:


#KeepCorbyn

#KeepCorbyn: For a party that fights for workers

Right's purges and exclusions show we must fight for a party for the 99%

Packed meeting discusses Trotskyism, Corbyn and socialist change

Trade unionists for Corbyn rally in Cardiff


Education fightback

Education: fightback needed

Pressure, lies and head games: being a school student in Tory Britain

Join the student fightback to end education cuts and austerity


No NHS cuts or closures

No NHS cuts or closures

Grantham protest against night-time closure of A&E


Socialist Party news and analysis

Invest in grassroots sports needs

Women still take home 36% less than men

Over a million families in 'extreme problem debt'

Scot schools scandal

Smith v refugees

What We Saw

Them & Us


International socialist news and analysis

France: Burkini ban fuels division

Chile: general strike threat as pensions protests grow


Socialist Party workplace news

UberEats: Angry delivery drivers protest over pay

Solid bus strike for better terms and pay

Southern strike


Socialist Party reports and campaigns

Why you should join the Socialist Party today

Socialist Party 'collectathon' to raise crucial cash

Ken Loach and a Socialist seller join Sisters Uncut protest


Socialist Party Summer Camp

Sunshine and socialism at Socialist Party summer camp


Comment

Can Britain have a pay rise?


 

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Related links:

Debt:

triangleLecturers strike around country in defence of pensions

trianglePrivate profit out of our NHS

triangleTunisia: explosion of protests against government austerity

triangleA world in crisis, ripe for revolution

triangleRetail sector crunch: nationalise to save jobs

Total:

triangle2017 was the best fighting fund total this century!

triangleNHS SOS round-up

triangleThem & Us

triangleJustice for Yemen workers

Households:

triangleSix months on - still no justice for Grenfell

triangleCarlisle socialists campaign against Universal Credit

triangleWe're freezing: reverse cuts to boiler replacement schemes!

Minimum wage:

triangleCardiff West Socialist Party: The campaign for a 10 an hour minimum wage

triangleAmy Murphy for Usdaw president - vote for a fighting and democratic union

Mortgages:

triangleYoung people being strangled by debts

Jobs:

triangleSupermarket's slash jobs - union fightback needed

Homes:

triangleRent doubles in a decade: cap rents, build council homes!

Cuts:

triangleBradford protests against kids' service cuts

Tories:

trianglePortsmouth Socialist Party: How can the NHS be defended from the Tories?

Children:

triangleTragic death exposes criminal understaffing of NHS

Austerity:

triangleBlairite mayor faces open election after democratic 'irregularities' - fight for a no-cuts mayor

Banks:

triangleCapita in crisis: bring all outsourcers back in-house

Benefits:

triangleMajority of kids poor in some areas

Britain:

triangleCaerphilly & RCT Socialist Party: 100 years of votes for women

Council:

triangleSave Salford nurseries!

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