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<p>The heart of the Government's Levelling Up White paper is focused on building successful
and strong places, which are more economically resilient by nature and able to respond
to changing economic trends. Alongside this long-term plan, the Government is also
delivering national measures to continue to help people in problem debt. Key initiatives
include:</p><ul><li>Maintaining record levels of debt advice funding for the Money
and Pensions Service (MaPS), bringing the budget for free debt advice in England to
over £90 million in 2022-23.</li><li>Launching the Breathing Space scheme in England
and Wales last year. The scheme gives eligible people in problem debt who receive
professional debt advice access to a 60-day period in which enforcement action is
paused and most fees, charges and interest are frozen.</li><li>Developing the Statutory
Debt Repayment Plan (SDRP), a statutory agreement that will enable a person in problem
debt to combine their debts into a single repayment plan, with payments made over
a manageable time period, while receiving legal protections from creditor action for
the duration of their plan.</li></ul>
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