New 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 […]
Read MoreChristians Against Poverty publishes 2024 Client Report: Under the Rubble of Debt and Poverty
Christians Against Poverty (CAP) has published its 2024 Client Report entitled: ‘Under the Rubble of Debt and Poverty: Removing the barriers that prevent us from living life to the full’. It finds that, in the last 12 months, there has been an alarming rise in reliance on credit to survive — three fifths of those […]
Read MoreFair4All Finance publishes Access to Credit and Illegal Lending report
Fair4All Finance’s new report entitled ‘Access to credit and illegal lending: The shape of the market is as important as the size’ looks in detail at the changing shape of the consumer credit market, and how with shrinking provision, demand is often being met by unregulated loans from friends and family and sometimes illegal lenders. […]
Read MoreNew research finds over a fifth of British adults believe their fear of numbers is hindering their financial wellbeing
Over a fifth (21%) of British adults believe their fear of numbers is hindering their financial wellbeing, according to a new study from National Numeracy commissioned by KPMG UK. The survey of 3,000 adults in the UK, conducted ahead of National Numeracy Day on Wednesday 22 May 2024, found that a fifth of the respondents struggled with […]
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