100 organisations urge the Prime Minister not to cut Universal Credit
The largest coalition of organisations to date on this issue has signed a joint open letter to the Prime Minster calling on him not to go ahead with the planned…
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Sharp rise in household indebtedness if Universal Credit is cut
Press comment – for immediate release 26 August 2021 Citizens Advice warns frontline services are bracing for wave of hardship this autumn In response to the Citizen’s Advice warnings today…
Joint statement on UK’s re-channelling of Special Drawing Rights (SDRs) allocation
On Monday 23 August, the International Monetary Fund (IMF) finalised the allocation of $650 billion worth of Special Drawing Rights (SDRs) – an international reserve asset – to its member…
Reaction to the G7 Finance Ministers meeting Communiqué
The G7 Finance Ministers have today reaffirmed support for the Common Framework for debt treatments[1], but have not taken the necessary steps to tackle the growing global debt crisis. Jerome Phelps of…
Stop banks cashing in during Covid-19 crisis from interest on poor country debt
Africa is spending three times more on debt repayments to banks and speculators than it would cost to vaccinate the entire continent against Covid-19.[1] African governments are expected to pay…
Calls for a household debt write-down grow ahead of the budget
8.5 million people now over-indebted Investment of £6 billion in fund for ‘fair debt write-down’ could boost household consumption by £24 billion For more information and interviews contact Eva Watkinson on 07870187861 (Jubilee Debt…
UK companies driving debt crises in poor countries
New figures show UK-based banks are the largest owners of poor country debt Campaigners say the UK is the most important country to unblock multilateral action on debt relief New…
Reaction to International Development Committee report
For immediate release 26 January 2021 Jubilee Debt Campaign welcomes IDC calls for government action on Covid-19 debt crisis in developing countries, but says ‘encouraging’ action by private lenders isn’t enough Calls for UK…
Reaction to G20 Common Framework for debt treatments
Today the G20 announced a ‘Common Framework for debt treatments’. Campaigners had hoped it would provide a mechanism for permanent solutions to debt crises, which it has failed to do.…
Zambia’s lenders should accept large debt write-down
Zambia, which spends four times more on external debt payments than public healthcare, could default on 14th November If paid in full, some bondholders could make 250% profit Jubilee Debt…