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The UK now has one of the highest levels of personal debt in the world - in April this year the British people owed over £1,460bn in private debt. Debt has become part and parcel of everyday life - many of us owe money on a credit card, loan or overdraft. Borrowing money can be beneficial, personally and economically, as is the case with student loans, business loans and mortgages. However, there is a tipping point at which borrowing becomes detrimental to the borrower.

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Four years after we launched our campaign to end the commercialisation of childhood the government is on the verge of making a decision that will move us further away from our goal. We need you to send a message to Ben Bradshaw asking him to keep the ban on TV product placement.

The Parliamentary Labour Party will meet tonight and discuss whether the government should legislate for a referendum on Electoral Reform. There are moves afoot to block this proposal. Compass believes that Electoral Reform is an important step in building a politics of democracy and equality.

Thank you to all activists that helped send a thousand emails to the Chancellor demanding the establishment of a High Pay Commission. This week a report by the corporate governance body Pirc and pension fund Railpen shows an inverse correlation between the cash paid to executives and the performance of the FTSE All-Share index. In the FTSE 100 where cash payments to executives increased by 80% between 2000 and 2008 the FTSE 100 fell by 30%. We cannot allow these obscene rewards for failure to continue.