StepChange ‘Scotland in the Red’ Report finds one in four adults in Scotland using credit to cover essentials
New research commissioned through YouGov by StepChange Debt Charity of UK adults (of whom 186 live in Scotland) shows that one in four adults (24%) in Scotland have used a form of credit to pay for essentials (groceries, utilities, housing) in the past three months, while one in five (19%) adults in Scotland have borrowed […]
Read MoreFinancial Inclusion Commission calls on next UK Government to bring forward a National Financial Inclusion Strategy
Financial Inclusion Commission (FIC) has launched a new report calling on the next UK Government to bring forward a National Financial Inclusion Strategy. ‘Fixing Financial Exclusion across the Four Nations’ summarises research FIC commissioned from CHASM – Centre on Household Assets and Savings Management that will be released in full this Autumn. It highlights the […]
Read MoreStepChange CEO Vikki Brownridge appointed to Board of Money Advice Liaison Group (MALG)
Money Advice Liaison Group (MALG), the UK membership organisation for ‘working together to improve the lives of people in debt’, has appointed Vikki Brownridge to its Board. Vikki took up the role of CEO of StepChange Debt Charity, where she has worked since 2005, in May 2023. Prior to this she held several senior leadership […]
Read MoreNew Economics Foundation publishes analysis showing benefits deductions are trapping people in poverty and debt
The scale of automatic debt repayments administered by the Department for Work and Pensions (DWP) means that, across all families receiving universal credit (UC), the basic payment is on average 8% lower than the official figure, according to analysis published by the New Economics Foundation (NEF). This means every £1 in £13 paid through the […]
Read MoreReview of Scotland’s statutory debt solutions – Stage 3 Consultation
Former Money Advice Scotland chief executive Yvonne MacDermid has published a consultation to seek stakeholder views on Scotland’s statutory debt solutions. Yvonne says: “This is an almost a once in a lifetime look at what works, and what doesn’t work in our society, for people who are in problem debt, and their creditors. It is […]
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