The draft regulations to establish the breathing space scheme were laid this morning – you can find them at http://www.legislation.gov.uk/ukdsi/2020/9780348209976/contents
They confirm the Government’s intention for the scheme to come into force in England and Wales on 4 May 2021.
HMT will continue to work with stakeholders as it moves toward implementation of the scheme. The Government intends to develop scheme guidance for creditors and money advisers, as well as guidance on the mental health crisis access mechanism, in the coming months, and they will provide more information on that process.
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