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Monday, May 20, 2024

84% of People in Debt Blame The Cost of Living Crisis

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The SNP has slammed the UK government for its failure to address the cost of living crisis in last week’s Spring Budget – after new analysis, published by Citizens Advice Scotland, showed that 84% of people in debt blamed higher groceries and utility bills as the reason.

The analysis confirmed that thousands of people have been either forced into debt or seen their existing debt worsen during this crisis, with the SNP saying that the Chancellor’s “lacklustre” Spring budget does nothing to address this issue.

Citizens Advice Scotland have warned that, taking into account Scotland’s population estimates, 657,323 people currently find themselves in debt.

Commenting, the SNP’s Women and Equalities Spokesperson, Kirsten Oswald MP said:

“This is the worst cost of living crisis in living memory.

“Yet, instead of providing real solutions to support vulnerable households, both Rishi Sunak and Sir Keir Starmer are planning to take an axe to public service and choke off economic growth by failing to invest.

“The legacy of fourteen years of UK Tory governments is clear – hundreds of thousands of people suffering under debt, countless people in poverty, and a broken Brexit economy.

“In contrast, the SNP continue to invest in public services, tackle the cost of living crisis head on, and mitigate against the worst of Westminster’s welfare cuts. 

“The growing threat from Westminster shows why only the SNP will  stand up for Scotland’s values, defend Scotland’s interests, and have the choice of a better future with independence.”

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