| answer text |
<p>We do not hold data on the levels of household debt.</p><p> </p><p>The Government
is committed to ensuring that people, especially those who are experiencing financial
difficulties, have access to the information and guidance they need to make effective
financial decisions throughout their lives.</p><p> </p><p>Once fully rolled out, Universal
Credit is forecast to be £2 billion per year more generous than the legacy system
it replaces.</p><p> </p><p>The Money and Pension Service has replaced three providers
of government-sponsored financial guidance – the Money Advice Service, the Pensions
Advisory Service and Pension Wise – which has brought together the provision of debt
advice, money guidance and pension guidance for the first time, streamlining the services
offered and reducing confusion for members of the public on who they should contact.</p>
|
 |
