Two wins for campaigners this week, with the admission, that VAT can’t be charged on HCEO fees and the DWP told not to run misleading Universal Credit adverts again.
Tweet of the week
“You won’t see our branding [on the #UniversalCredit ads], and this is deliberate”
We’ll let the below internal memo from the @DWP speak for itself …
— Z2K (Zacchaeus 2000 Trust) (@Z2K_trust) November 10, 2019
Time for the MoJ to require High Court bailiffs to refund people wrongly charged for VAT StepChange blog: as much as £36 million in VAT has been wrongly charged by High Court Enforcement Officers (HCEOs) to people who should never have been charged for it in the first place.
Apple Card issuer investigated after claims of sexist credit checks Guardian: Goldman Sachs faces official inquiry [in America] as IT figures including Steve Wozniak say they got 10 times or more the credit limit received by their wives.
‘Being a good guy boss left me £1.2m in debt’ BBC: Some of the hardest hit are small traders who ran “unincorporated businesses” – people like Mr Menzies – who had no idea that simply by retiring they would trigger enormous financial liabilities.
Nationwide overdraft shake-up hits ‘good’ debtors Times (paywall): Nationwide will introduce a 39.9% interest charge on all overdrafts tomorrow and remove the fee-free buffer on some of its accounts. My comment : This was announced before but it’s still likely to come as shock to many customers.]Other banks have not yet announced how they will comply with the new FCA rule by April next year.
Benefits & other news
ASA criticises DWP’s adverts for Universal Credit:
- ASA Ruling on Department for Work and Pensions in association with Associated Newspapers
- DWP – should the top topple when the spinning stops? Blog by Henry Tapper.
Universal Credit loophole means I can’t afford Christmas presents – despite working delivering pizza 20 hours a week Sun: The government’s hash taper rate means that Brits like Gemma are pay 63p in taxes for every £1 they earn over a certain amount – known as the work allowance.
State of Hunger Trussel Trust report: Comprehensive report on three years of research into the causes of hunger and foodbank use in the UK. I hope the next government reads the Conclusions on page 103 and acts on them.
Rising housing costs ‘punishing poorer families’ Times (paywall): Low-income families have missed out on almost two decades of improvements in living standards because the gains have been wiped out by higher housing costs.
- Gambling shares hit hard as MPs demand online crackdown on the ‘public health crisis’ Mail: A cross-party group of politicians called for a £2-per-bet limit on popular online slot machine-style games, and a total ban on the use of credit cards to gamble online.
- Bookies must pay ‘vulnerable’ problem gambler more than £100,000 in landmark case Bournemouth Daily Echo.