The Government take the issue of over-indebtedness extremely seriously. Ministerial discussions of credit and debt issues are taking place in many forums such as the National Economic Council and the cross-Government work on the housing market, including the mortgage rescue scheme.
The Ministerial Group on over-indebtedness agreed the Government's strategy on over-indebtedness in 2004. It provides direction and approval of the Government's annual report, ‘Tackling Over-indebtedness’, that has been issued since 2005. The group has found it effective to conduct its business by paper rather than physically meeting.