In a 4 day week, the introduction of the Breathing Space dominated the news.
- People in problem debt get 60-day break scheme BBC: The Treasury has estimated that up to 700,000 people could be helped by the scheme in its first year.
- Britons struggling with debt can now push the pause button for 60 days as charities give new Government respite scheme cautious welcome Mail: community lenders and charities … said questions remained about how it would operate.
- Breathing Space — will it deliver for people in problem debt? CAP: One key thing to watch will be how quickly and completely creditors stop collections activity and notify agents, who are acting on their behalf, to do the same.
- Here’s to breathing space… and beyond StepChange: The central breathing space principle, that people need a period of stability and protection to recover, does not stop being true on day 61.
- Today’s Breathing Space launch is a major milestone in the mission to provide safe routes out of debt Money Advice Trust: no scheme is perfect, but as it stands the introduction of Breathing Space represents a significant improvement upon what existed before.
- The Right to Breathing Space QuidsIn Pro: “Why can’t we support people with debt and prevent them having to be referred to a mental health crisis team?”
- The debt “Breathing Space” – could it help you? my article
- Rent arrears put thousands at risk as end of eviction ban in England looms Guardian: MPs and charities fear a wave of homelessness when landlords can once again legally force out tenants in debt.
- 400,000 private tenants in danger of rent arrears LSE: around ten per cent of private tenants are thought to be unemployed – this is double the average unemployment rate – and six to seven per cent of them appear to be in arrears. This is around twice the proportion of a ‘normal’ year.
ASA Ruling on Money Advisor Ltd t/a Money Advisor ASA: misleading advertising and misleading use of Money Advice Service logo as firm was not FCA authorised.
Amex to cut cashback rates on best buy credit cards from August MSE: My comment – the long term trend towards lower cashback continues.
Benefits & other news
“How do I make something out of nothing?”: Universal Credit, precarity & mental health Covid Realities report: the mental health challenges faced by UC claimants: anxiety caused by wait for payments, uncertainty about the £20 uplift & payment levels that are still too low.
News round-ups are published every Sunday.
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