The Liberal Democrats have launched a ten-point action plan to tackle household and consumer debt which, among other ideas, calls on the FSA to investigate mortgage payment protection insurance.
Stepping up the political campaigning ahead of the general election – anticipated to be held in May – Lib Dem shadow chancellor Vincent Cable MP has published an 11-page report which suggests changes need to be made to the regulatory regime as any fall in the housing market may affect the UK economy and a person’s ability to pay debts. Quoting many different industry and government sources, the debt action plan report suggests even though house prices do not directly affect a person’s debt management, should property prices rise at a lower level than hoped, it could eventually slow the e...
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