My picks of last week's news are: - Why UK energy bills are soaring to record highs – and how to cut them. Important reading if you haven't seen it. - and After my husband died Virgin Media set debt collectors on me... surely it's time EVERY firm taught staff about grief? Tweet of the week Wow. Analysts Cornwall Insight predicts energy bills will rise to £4,266 in January for a … [Read more...]
Recent Weekly News Round-ups
Every Sunday I publish my selection from the last week's news about debt, debt advice, debt regulation and policy issues.
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Debt news – 7 August 2022
The big story this week has been the gathering momentum behind the Don't Pay Uk campaign. None of the "don't do that" responses seem to have any useful alternatives to offer. Tweet of the week This winter many households will not pay their energy bills because they cant. The government will then have a choice to either distribute more money to consumers directly or make a quasi … [Read more...]
Debt news – 31 July 2022
Energy dominates the news yet again. My pick if you want a positive article is Let's optimise your heating. For stats on just how bad it is already, see Citizens Advice's new cost of living dashboard: The crisis we’re seeing unfold. Tweet of the week Energy company energy pic.twitter.com/gHaOIGVE7c — TwistedDoodles (@twisteddoodles) July 28, 2022 Energy prices Our new cost of … [Read more...]
Debt news – 24 July 2022
The cost of living crisis continues to dominate the news. But for a think piece you may not have seen, read The housing theory of everything. Tweet of the week So far this month at @CAPuk we’ve handed out more emergency fuel vouchers than we did in Jan 2021. It’s July. Hottest month ever. It’s not even over yet. Critics of @MartinSLewis think he’s overblowing this energy stuff. I … [Read more...]
Debt news – 17 July 2022
My pick of last week's news is One in 12 UK children now in families hit by two-child benefit limit. Putting clients first StepChange Impact Report 2021: 336,947 clients guided (up 53%), 157,905 clients advised (down 20%) SafetyNet Credit – FCA adds new restrictions to this expensive borrowing my article Barclays scraps vital overdrafts at short notice despite the cost-of-living … [Read more...]
Debt news – 10 July 2022
My pick of last week's news are the articles on energy bills. Call for evidence: Review of the personal insolvency framework gov.uk: My comment - at last! It's wide ranging but slow. - I don't think we can wait for the end of this process for some urgent improvements. Petrol prices: Motorists hit by record monthly hike in petrol prices Sky: RAC analysis found the average cost of a … [Read more...]
Debt news – 3 July 2022
My pick of last week's news is the Guidance to support the IVA protocol for existing protocol complaint IVAs. Guidance to support the IVA protocol for existing protocol complaint IVAs Insolvency Service: It has been agreed that reductions will generally be accepted by creditors of up to 50% of current contributions, or £75, whichever is higher. - I am writing an article on this. High … [Read more...]