UK households are in financial trouble and there is more the government can do to help them. That’s the broad conclusion from a unanimously agreed Treasury Committee report into household finances, which makes a series of conclusions and recommendations. According to the report, many households are over-indebted and lack a ‘rainy day’ savings buffer. It’s worrying to hear that households have too much debt, despite a decade of low interest rates during which time debt repayment could have been accelerated. The absence of cash savings in case of emergency is also a concern.