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<p>To simplify the existing public financial guidance landscape and offer more holistic
support to consumers, the Government established the Money and Pensions Service in
January 2019.</p><p>The Government has increased public funding for free professional
debt advice to almost £56m this year, enough to provide support to 560,000 people
in England.</p><p>To support people in problem debt, the Government is introducing
a Breathing Space scheme that will provide them with a 60-day period where interest
and charges on their debts are frozen and enforcement action from creditors is paused.</p><p>Breathing
Space will encourage people to access debt advice and will allow them the time and
space to fully engage with professional support, helping them identify a sustainable
solution to their debts.</p>
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