The Government has outlined plans for a move to select a private sector partner to provide debt management services to public sector departments.

The tender notice calls for a supplier with a proven track record in “reliable, high quality and innovative retail debt management services at scale”.

The private sector partner would assist the government in creating a new company, known as the 'Debt Market Integrator' (DMI). The DMI would start out as a public sector organisation before becoming a company which has a private sector majority ownership with a minority public sector stake.

The initial department customers of DMI will be HMRC, DWP, SLC, LAA, DVLA and the Home Office, with debt services being extended to other public sector services at a later point.

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