Meeting of the Parliament 01 November 2022
As the member will be aware, the review of statutory debt solutions will be carried out in three phases. The first phase was an initial response to the crisis that we faced during the pandemic, when recommendations were implemented. We also took forward further recommendations as part of the coronavirus recovery legislation. In this second phase, we are considering further action on statutory debt solutions and I am meeting stakeholders to discuss that later this week. I will set out the third phase in due course. That will entail a longer, wider and comprehensive look at our statutory debt solutions landscape.
I assure the member that we are taking forward actions from the review process, with work already having been implemented during the pandemic.