News Article

Consumer Credit

People in debt could hold power in parliament

By CreditMan Monday, November 21, 2016

MPs voted in by people with debt problems could now be holding the balance of power in the UK Parliament.

Figures released by the Insolvency Service (15 November 2016) show that there were more people with debt problems than the size of the majority in 20 constituencies. This might have overturned the government’s majority of 14. In 66 constituencies people in debt represented more than one in four of the majority.

In 182 of the 573 constituencies in England and Wales voters with debt issues represented more than one in ten of the majority. And, this is likely to be an underestimate.

We think that if people with debt problems got together a lot of MPs would have to sit up and take notice.

The Insolvency Service figures relate only to England and Wales. So the political power of people in debt could be even greater if Scotland were included.

We’ve always thought that people in debt should have a greater political voice than they do. These figures show that a consumer debt lobby could wield real political influence. There are clearly some MPs who should be taking the concerns of people in debt very seriously.

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David Taylor 0161 905 4797 / 07966 003 730