Committee to address debt and mortgage arrears

THE Government has agreed to set up a special cabinet committee of several ministers to address the growing concern over personal debt and mortgage arrears.

The approval for the special committee was discussed by the cabinet at a meeting on Tuesday and will be signed off on soon, the department said yesterday.

It will comprise Finance Minister Brian Lenihan, Justice Minister Dermot Ahern, Enterprise Minister Mary Coughlan and Social Affairs Minister Mary Hanafin.