The energy price and Universal Credit cut stories dominate this week.
Winter is coming
The big squeeze Resolution Foundation: Assessing the changes to family incomes over the next six months
Thousands of energy customers facing bill shocks BBC: The same problem faces customers of surviving energy firms who are coming to the end of their fixed rate term… They, too, will be unable to find a better deal at present.
Protecting people during energy market turbulence Citizens Advice: the gaps in the current support when a supplier goes under.
No extra help for families facing ‘very difficult winter’, Downing Street says Independent: ‘We already have schemes in place to help people out over the winter,’ No 10 insists
Universal Credit: Families seven times more likely to face a crisis paying bills and debts Sky: The Treasury is determined to remove the £20 uplift given to those on Universal Credit during the pandemic next month.
Tories in secret talks to raise Universal Credit for 2.3million Brits – weeks after cut Mirror: A 25-year-old single mum working 40 hours a week on minimum wage could be £9.39 a week better off if the taper rate was cut from 63p to 60p. But because UC is being cut by £20 across the board, she would still be £10.61 worse off than she is now.
Life as a debt advisor: Universal credit is the one constant struggle Big Issue: The £20 universal credit increase doesn’t fix the system but it has made a noticeable difference.
Marcus Rashford begs Boris Johnson to axe £20 Universal Credit cut set to hit millions Mirror: Almost eight in 10 on UC will find it harder to feed their kids when £80 a month worse off under the cut.
given he once described his £250,000 columnist deal as “chicken feed”, the answer is probably no
— Jim Pickard (@PickardJE) September 24, 2021
Covid debt: A baby, job loss – and now eviction BBC: Tenants are being evicted due to rent arrears built up during the Covid pandemic, despite the government saying no-one should lose their home as a result of the crisis.
Financial Ombudsman complaints data for Jan-Jun 21 FOS: Highest uphold rate is now logbook loans 77% – my comment: logbook loans are small numbers but very high detriment, more regulation needed.
Monzo becomes first major bank to launch buy now pay later scheme – here’s how it stacks up MSE: My comment – well it’s regulated & reporting to the CRAs but still too easy to rack up 3k of debt and then have to pay 19% interest if you can’t repay it over 3 months?
The financial mistakes that I made in my twenties A blogger’s story: Ten years is a long period of time and I wasn’t carrying out all of these financial mistakes simultaneously. These things also happened at different points during the decade. But I was making these errors and I like to think I’ve now learnt from them.
Critical condition Law Gazette: Councils have cut support for law centres and increased rents, threatening their survival just when people need their services most
Seven out of 10 win benefits challenges at tribunal BBC: more than 293,000 people across the UK have overturned a government decision at tribunal in the past three years.
Prison guards, but not mother, get counselling after baby dies in cell Guardian: the teenager was found in bed cradling her dead baby more than 12 hours after pressing her cell bell and telling staff at the privately run HMP Bronzefield that she needed an ambulance.
The true cost of tax credit overpayments: A fairer approach StepChange report: Two thirds of survey respondents did not know collections were going to start before money was taken from their UC claim.
Lloyds, Halifax and Bank of Scotland customers can set own contactless limit as it rises to £100 Sun: Customers of the three banks will be able to set the personal limit for their card between £35 and £95, choosing increments of £5.
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