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UK Regulators Network (UKRN) publishes joint letter on debt collection

18 Mar 2024 | Posted In Money advice news

As part of Debt Awareness Week 2024, the UK Regulators Network (UKRC) has published a letter setting out the consumer outcomes that the FCA, Ofcom, Ofwat and Ofgem expect to see firms delivering, in response to identified consumer harms in the context of the cost of living crisis. The key consumer harms in debt collection […]

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MoneySavingExpert Martin Lewis calls on Government to put greater resources into financial education

15 Mar 2024 | Posted In Money advice news

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. […]

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Christians Against Poverty publishes its latest research: Pushed under, pushed out

13 Mar 2024 | Posted In Money advice news

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 […]

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First ever Government Debt Fairness Charter published

12 Mar 2024 | Posted In Money advice news

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, […]

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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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