Michael Sheen's initiative, documented in Channel 4's 'Secret Million Pound Giveaway', involves him using £100,000 of his own funds to purchase and cancel a million pounds of debt for 900 individuals in South Wales. The effort aims to address financial vulnerability amid growing costs of living and to raise awareness about high-cost credit practices. The project reflects Sheen's ongoing commitment to financial justice since establishing the End High Cost Credit Alliance in 2018, inspired by similar efforts he observed in the U.S.
It feels more timely than ever, in a cost of living crisis where 20 million people are financially vulnerable.
He hopes that the programme will alert those who hadn't realised their debts had been cancelled.
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