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The Government regularly engages with the Bank of England, Financial Conduct Authority
(FCA) and the Money and Pensions Service (MaPS) to monitor personal finances.<p> </p><p>The
Government remains committed to helping people in problem debt access the support
they need to get their finances back on track. This is why the Government continues
to maintain record levels of debt advice funding for MaPS to provide debt advice in
England, bringing their debt advice budget to £92.7 million in 2023/24.</p>
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