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Wed 13th Dec, 2006

The Conservatives’ New Push against Debt

Posted in Bad Credit, Consumer Credit, UK Finance, Consumer debt, Spending, Financial news, Borrowing, Personal debt at 12:43 pm by admin

There is no doubt that the Conservative party of today is a new political party. At least that is the image that the party is trying to portray to voters. It is clear that they have had to reinvent themselves. One of the areas that the party has been putting a lot of attention on recently is the country’s debt problem. It appears as if the Conservatives have rightly identified debt as one of the largest and most serious issues facing the country’s young people.

One of the initiatives that the party has announced is their plan for compulsory education on personal finances for 12 to 18 year olds. This would be treated as any other examinable subject at school. The claim is that this will make young people less likely to get into unmanageable debt.

While some critics have said that the only reason the party is getting into this area is to win votes and appear like the friend of poorer and younger voters. However, debt charities are praising the policy and saying that the more attention that can be put on this subject the better.

Another thing that people have been identifying in new Tory policies is an increased interest and focus on the problems of society’s most disadvantaged areas. It could well be that the party traditionally associated with wealthy, older, white men, is becoming the party of single mothers, and indebted teenagers.

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