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Spring Budget 2024: Changes to rules for Debt Relief Orders (DROs)

07 Mar 2024 | Posted In Money advice news

In this week’s Spring Budget, it was announced that the government is removing the £90 administration fee for Debt Relief Orders (DROs) from 6 April 2024, and raising the maximum debt value threshold from £30,000 to £50,000 and increasing the maximum value of motor vehicle that an individual can retain from £2,000 to £4,000 from […]

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New Trussell Trust research reveals that over half of people receiving Universal Credit are unable to afford enough food

26 Feb 2024 | Posted In Money advice news

The Trussell Trust has published new research that reveals the devastating consequences of the inadequacy of Universal Credit across the UK. The anti-poverty charity is urging the Chancellor to take urgent action to increase long-term support for people struggling to get by on Universal Credit and commit to extending the Household Support Fund as soon […]

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Government responds to the Levelling Up, Housing and Communities Select Committee report on council tax collection

09 Feb 2024 | Posted In Money advice news

The Government has swiftly responded to the Levelling Up, Housing and Communities Select Committee report on council tax collection that was published on 1 December 2023 following its inquiry into the collection and enforcement of council tax in England. Read the full response here.

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Financial Ombudsman Service encourages responses to its Plans and Budget consultation by 30 January 2024

22 Jan 2024 | Posted In Money advice news

Each year the Financial Ombudsman Service (FOS) consults publicly on its proposed plans and budget for the financial year ahead. The consultation provides those closely interested in its work, and those who pay directly for it, with the opportunity to feed back on how it delivers and funds its service. It is part of FOS’ […]

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IMA publishes report into debt adviser workloads and wellbeing

22 Jan 2024 | Posted In Money advice news

The Institute of Money Advisers (IMA) has published a report into debt adviser workloads and wellbeing following a member survey it ran last year. The report shows how debt advisers’ views on the subject have changed since its last reports into this issue in 2020 and 2021. It also shows a number of improvements to […]

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