My pick of last week's news is Therese Coffey’s Letter to Ofgem. I wonder what the reply will say? Tweet of the week Dear @Ofgem & @KwasiKwarteng. Pls reverse the recent burden shift to the standing charge (rather than unit rates) for the next price cap. It was regressive & means cutting usage has less impact on bills. Even those using NO energy now pay £165/yr for electricity, … [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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My pick of last week's news is Deductions: Driver of Poverty Tweet of the week This long thread from James Plunkett: Eugh. Really starting to feel it in the pit of my stomach whenever we talk about the cost of living crisis. I've been wondering for a while how dicey things will get and I increasingly think the answer is *very*. (1/n) — James Plunkett (@jamestplunkett) May 11, … [Read more...]
My pick of last week's news is How high will interest rates go? - despite being in the Mail with a clickbait headline, it is a detailed and measured article on interest rates. If you are interested in high-cost credit policy, read Extending credit: Understanding pawnbroking customers’. options Tweet of the week This week I did not see clients who cannot choose between heating or … [Read more...]
My pick of last week's news is Prepay energy customers disconnect over price rises - "We had one customer who phoned us last week who had actually sold all their belongings, just to be able to get money to eat. They had nothing left to sell and were waiting on a benefit payment". Tweet of the week Two data points on the cost of living crisis. 1. Energy bill problems used to drop in … [Read more...]
My pick of last week's news is ‘Can that be legal?’ UK tenants forced from their homes by soaring rents. Debt news Scoping the future of regional debt advice services MaPS: MaPS announced recently that, before commissioning regional debt advice provision in England, we will engage directly with people with lived experience of debt, advisers, advice organisations and wider stakeholders. My … [Read more...]
Only one possible choice for the pick of this weeks news: Soaring petrol costs drive UK inflation to 30-year high. Tweet of the week A sobering moment today at @CitizensAdvice. We've had to add a top tier category in our data for people needing foodbanks. Not something we do lightly but the growth in destitution is now systemic enough to need it. Foodbanks now rank fourth in the advice … [Read more...]
My pick of last week's news is Studying health inequalities has been my life’s work. What’s about to happen in the UK is unprecedented. Debt news ‘Pay up, or it trebles’: bailiffs accused of strong-arm tactics in UK Guardian: Charities are alarmed by the increasing use of private firms to collect money owed to the public sector Chancellor to ask regulator to investigate credit card and … [Read more...]