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<p>The government response to the Independent Review of the Money Advice Service was
published by the coalition government. This government shares the view that it is
essential to ensure the right options and incentives are available to consumers to
help them deal with their debts.</p><p> </p><p>The government is considering in detail
the impacts of additional statutory consumer protections, ensuring that any potential
changes would fit well with the formal and informal debt solutions currently available
to consumers. For example, the government has committed to exploring whether some
form of ‘breathing space’, a statutory period of protection from repayment and enforcement
action, would be a useful and viable addition to the current range debt solutions
available to consumers and creditors.</p><p> </p><p>Work is continuing on this review,
and the government plans to report back shortly.</p>
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