MP highlights Welsh debt woes

In the wake of the release of figures from the Office of National Statistics showing that Welsh unemployment is on the increase, Ms Willot has called for more action from the government to tackle personal debt problems nationwide.

To make her case the MP claims that the personal debt level in Wales is rising by around £18 million each day and that house prices are becoming increasingly unaffordable for consumers throughout the province.

“Thousands of vulnerable families and young people in Wales are already walking the financial tightrope,” she said.

“Sadly, Labour’s continuing failure to combat rising personal debt, build affordable houses and generate sustainable job growth in Wales will result in many more falling into financial ruin.”

Meanwhile, figures from the UK-wide not-for-profit group Credit Action suggest that the personal debt level around the country is increasing by around £1 million every four minutes.


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