Insolvency guidelines prove a PR disaster
Despite it being belated and leaving the banks with the whip hand, bringing some much needed debt relief for families struggling in mortgage misery should have been a boost for the Government — but, instead, it managed to turn it into a PR disaster.
Confusion reigned in government circles from Sunday when a newspaper leaked draft guidelines on how people seeking help with debt distress are to be treated, especially the incendiary clause: “Where a person is working and paying for childcare as a consequence of his or her employment, the cost of childcare should not exceed the income from the employment.”