My pick of last week’s news is Spending on debt repayments jumps amid concerns over rising living costs.
Lots of rumours in the debt advice sector this week about redundancies, mainly in face to face advice, because of the MaPS recommissioning process. If you are a debt adviser and you want to keep in touch, sign up to the We Are Debt Advisers mailing list. If you are on Twitter, I have a list of debt advisers to follow.
Spending on debt repayments jumps amid concerns over rising living costs Independent: Nationwide Building Society analysed data from its members between July and September.
Bradley v The Crown Lovely Australian judgment on a Freeman of the Land / Sovereign Citizen case. Just 3 paragraphs long.
Bank of England governor denies being ‘unreliable boyfriend’ after leaving interest rates unchanged – as it happened Guardian: The Bank also signalled that the cost of living squeeze will intensify, with inflation seen at 5% by next April. It said interest rate increases will probably be needed in the ‘coming months’ to bring inflation to target – but wouldn’t be more precise.
Universal Credit claimants wrongly told to return over £5,000 in pandemic payouts as more fighting huge bills iNews: The self-employed labourer had been unable to work during lockdown and seen his income vanish. However, the DWP later claimed he was not eligible for the payment as he did not have a tenancy agreement for his sublet property. Officials had not asked to see a tenancy agreement when assessing his claim.
Big banks resume push for mortgage repossessions in wake of pandemic Bureau of Investigative Journalism: In 81% of hearings the homeowner did not have any legal representation. In 78% of all hearings the defendant did not show up.
Three million households to be in debt to energy supplier this winter City AM: UK households are now going into the coldest time of year owing £510m to suppliers. This is an increase of £77m since 2020.
Benefits & other news
Luton man left shocked as his house is ‘stolen’ BBC: A BBC investigation found Mr Hall’s identity had been stolen and used to sell the house and bank the proceeds. Police initially told him it was not fraud but are now investigating.
Taper cut – Analysis of the Autumn Budget changes to Universal Credit Resolution Foundation: the Chancellor’s Budget announcement comes just weeks after the end of the pandemic-related £20-a-week boost to UC. When we look at these two changes together, we find that around three-quarters (73 per cent) of families on UC in 2022-23 will be worse off, with one-quarter (27 per cent) better off.
Insecure gig economy work more than doubles in five years New Statesman: Gig economy workers now represent 15 per cent of the total workforce in England and Wales.
Greener kitchen goods could save thousands, Which? suggests BBC: “Many people simply don’t have the money available to pay initially higher prices for better, more efficient appliances, meaning they pay much more in the long run,”
Capita pays compensation to family of woman who died after benefits cut Guardian: DWP contractor settles negligence claim by family of Philippa Day, who died of overdose.
2,150 people left with no bank OR cash machine as Lloyds shuts Scillys’ only branch – and nearest is 20 minutes away… by PLANE Mail: Lloyds points out that the next nearest Lloyds’ branch is just ‘44.15 miles away’ and accessible via the ‘ferry service from St Mary’s to Penzance’. But the leaflet fails to point out the service shut for winter last week.
News round-ups are published every Sunday.
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