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** “We face the most acute debt crisis in history [...] We must act now to end the vicious cycle that countries are trapped in.”
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** Brian Mathew MP
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Dear friend,
Last week in parliament, MPs debated a new ‘Debt Relief’ bill that could deliver justice for millions of people in lower-income countries.
Ahead of the debate nearly 1,500 of you emailed your MPs to explain the scale of the debt crisis and ask them to speak in favour of the bill.
I want to share with you some of the powerful contributions I heard from MPs who spoke passionately about the need for action.
For example, Jeevun Sandher described:
** “…a debt crisis caused by global factors - a debt crisis that is leading to more poverty, more hunger and war.”
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And Bell Ribeiro-Addy talked about debt as a form of reparative justice:
** “It is about more than handing over money; it is about addressing the structural inequalities that colonialism created and still perpetuates [...] Those inequalities have been instrumental in creating the debt that we are discussing today.”
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I know what a big impact hearing from constituents can have – it’s one of the messages I hear time and time again when I speak to politicians. Hearing your calls for action on the debt crisis has helped boost the momentum for action in parliament – and the government is being forced to listen.
Debt repayments by lower-income countries have trebled in the last decade alone. [1] Spiralling interest rates, soaring energy prices and a global economy that puts the interests of wealthy nations first have already pushed 54 countries to crisis point.
Bambos Charalambous, the MP who tabled the debate, outlined why we need a new debt justice law to rein in the greedy private lenders who are forcing countries deeper into crisis. Referencing Sri Lanka’s debt crisis, he said:
** “It is morally repugnant that private creditors behave in such a way, deliberately hampering the ability of a country to get back on its feet at a time of crisis.”
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It’s time for action on the debt crisis. This year, as we embark on the biggest global debt campaign for a quarter of a century ([link removed]) , I know that if enough of us come together we can make debt justice a reality.
In solidarity,
Jerome, Wiz, Eva and everyone at Debt Justice
Notes
[1] The Guardian, Labour urged to lead global debt relief effort as cost of repayments soars: [link removed]
** Justice is possible
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Across the world, millions of people’s lives are being destroyed by unfair debt.
But when we act together, we have the strength to win justice and build a fair economy that puts human life before debt.
Donate today to strengthen the campaign for debt justice.
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Copyright © 2025 Debt Justice, All rights reserved.
You received this email because you signed up for information about Debt Justice (formerly Jubilee Debt Campaign) by email, either via our website, while signing a campaign petition or postcard, or at an event. Our mailing address is: Debt Justice . Oxford House . Derbyshire Street . London, E2 6HG . United Kingdom
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