Via the BBC:
Lib Dem leader Nick Clegg has warned of an “epidemic of mental distress” if Britain is plunged into a recession.
It could “dramatically increase” the numbers of people suffering stress and depression, he said in a speech.
Mr Clegg said mentally ill people should be allowed to limit their own access to bank loans to prevent themselves getting into debt.
He says people should be able to take action when well so they cannot acquire new loans when they are ill.
More on Nick Clegg’s website, including the full speech.
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One Comment
I think he is spot on, although some important details are missing.
How much will it cost to train these debt councillors?
Tax cuts will not help people who have lost their jobs, since they do not pay any tax. However what you can do to help them is increase their benefits. Will you do that? The logic that says that tax cuts for those on low incomes is a good idea to redistribute wealth is the same logic that says you should increase benefits for those on even lower incomes who do not pay tax.
I know what answer to expect for this; no.
However I do think Nick Clegg is right in making the links he has.