New report shows over 18 million adults in the UK lack the number skills to manage their money well
A report published by the Money Advice Service on 2 November 2017 provides the strongest evidence to date on how good number skills help people manage their money and keep out of debt. National Numeracy is now calling for action from government, financial services, employers and debt advice agencies to help people improve their numeracy and, […]
Read MoreBank of England votes to increase interest rates for the first time in a decade
The Bank of England Monetary Policy Committee has voted to increase interest rates by 0.25 percent – the first rate rise since 2007. Joanna Elson OBE, chief executive of the Money Advice Trust, the charity that runs National Debtline, said: “This first rate rise in more than a decade could be a turning point for many […]
Read MoreBanking Standards Board publishes consultation on good banking outcomes for consumers
The Banking Standards Board (BSB) has published a consultation on ‘What do good banking outcomes look like to consumers?’ https://www.bankingstandardsboard.org.uk/bsb-consultation-what-do-good-banking-outcomes-look-like-to-consumers/ The purpose of this document is to consult on what the outcomes of good banking cultures look like to consumers. This will provide a framework that will then help us identify good practice to the benefit of […]
Read MoreGovernment issues call for evidence on six week ‘breathing space’ scheme for individuals in debt
The government has issued a call for evidence to gain further insight from the debt advice sector and creditors about how best to design, implement, administer and monitor a six-week breathing space scheme and statutory debt management plan. The call for evidence covers the following, broad, topics: how to access and then enter a six-week […]
Read MoreNew report on how making better use of data can help identify vulnerable customers in water and energy sectors
A new report produced by Ofwat and Ofgem through the UK Regulators Network (UKRN) reveals that while there are already some examples of cross-sectoral collaboration between water and energy companies to help vulnerable customers, there is scope for much more. Given the similar types of support offered, Ofwat and Ofgem want their respective sectors to pool their […]
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