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Hey friend,
Did you catch that new documentary by Hollywood actor Michael Sheen? It shines a light on the personal debt crisis here in the UK.
It’s called ‘Michael Sheen’s Secret Million Pound Giveaway’, and in it the Welsh actor details how he has helped write-off a million pounds worth of debt for people in the region where he grew up to try and force change on the system.
We thought it was a brilliant watch. If you missed it you can stream it via Channel 4’s On Demand service.
Watch the documentary on the Channel 4 catch up service ([link removed])
Personal debt has spiralled because of low wages, insecure work, and a broken lending system that punishes communities who can least afford it. Michael Sheen is right—people are working hard, often juggling multiple jobs, yet finding themselves stuck in cycles of high-cost credit simply to cover essentials.
Over 10 million people across the UK are ‘over-indebted', either behind on bills or finding debts a heavy financial burden - up 70% on pre-pandemic levels. Council tax arrears in England alone have reached £6 billion.
Michael Sheen’s “heist” of buying and cancelling people’s debts is an inspiring act of solidarity, but it also exposes a fundamental injustice in our financial system. Debts of people who are struggling are bought and sold for pennies on the pound, while they remain liable for the full amount – and may face distressing visits from debt collectors and bailiffs.
Stream the documentary online ([link removed])
And if you want to take action for a fairer banking system, our friends at the Fair Banking Act campaign are calling for changes that would help the huge numbers of people who are trapped in cycles of debt with loan sharks and high-cost lenders. You can find out more here. ([link removed].)
Let us know what you think of the documentary - we’d love to hear from you. I’ve popped my previous email below in case you missed it.
In solidarity,
Eva, Zak, Toby and all at Debt Justice
Hello friend,
There’s a new documentary being shown tonight that shines a light on the personal debt crisis here in the UK, which we thought you might find interesting.
In ‘Michael Sheen’s Secret Million Pound Giveaway’, the Hollywood actor details how he has helped write-off a million pounds worth of debt for people in the region where he grew up to try and force change on the system.
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Watch the trailer on YouTube to find out more ([link removed])
The scale of personal debt here in the UK has ballooned in recent years, in part, because of the cost-of-living crisis. More and more people are borrowing or using credit cards just to pay for everyday essentials.
Right now, over 10 million people in the UK are heavily in debt, that’s one in seven of us.
With lenders making massive profits it’s more important than ever that we speak out to change the system and try and get debts cancelled.
Find out more ([link removed])
Explaining why he got involved, the actor said,
** “People are getting into spirals of debt. Once underwater it’s very hard to get out again. There are alternatives, and we need to try and push to make a difference for people.”
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We agree, that’s why we’ll keep campaigning to stop debt causing harm around the world and here in the UK.
Thank you, as ever, for your ongoing support!
Best wishes,
Eva, Zak, Toby and the whole team at Debt Justice.
PS. Read more about it here:
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** 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.
Donate today ([link removed])
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