MoneySavingExpert Martin Lewis calls on Government to put greater resources into financial education
MoneySavingExpert Martin Lewis provided oral evidence as a witness to the education committee on 5 March 2024 and called for the Government to address the ‘real poverty’ of financial education in the UK. He said: “The amount of resources the government has put into funding financial education has been flaccid and to a detrimental level. […]
Read MoreChristians Against Poverty publishes its latest research: Pushed under, pushed out
Christians Against Poverty has launched its latest research in partnership with the Centre for Research in Social Policy at Loughborough University. ‘Pushed under, pushed out’ explores the link between debt, poverty and living standards. The report uses the Minimum Income Standard (MIS) as a benchmark. According to the latest YouGov polling, 29% of UK adults […]
Read MoreFirst ever Government Debt Fairness Charter published
HM Treasury has published the first ever Government Debt Fairness Charter for people who owe personal debt to central government. It outlines how people repaying these debts should be treated, as well as some additional actions that people may need to take to help this process. This includes taking action to understand an individual’s situation, […]
Read MoreSpring Budget 2024: Changes to rules for Debt Relief Orders (DROs)
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 […]
Read MoreNew Trussell Trust research reveals that over half of people receiving Universal Credit are unable to afford enough food
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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