Lots of Universal credit and benefit related articles this week as campaigners hope to force improvements in the autumn budget. My two top picks: Universal credit: who gains, who loses, and how does transitional protection really work? and Universal Credit and patterns of earning.
Tweet of the week
The Chancellor has one last chance to end the benefit freeze in his Autumn Budget, says our senior analyst @adamcorlett – the overall impact of the freeze will be to reduce working-age household incomes by almost £5 billion in 2019-20: https://t.co/WMT5jjWkWl pic.twitter.com/3QbLfO44A0
— ResolutionFoundation (@resfoundation) October 13, 2018
Unsustainable levels of consumer debt going unnoticed by UK public Populus blog: When asked why [the CEO of Barclays] is refusing to sell his company’s investment bank, the part described by many as the ‘risky casino side of the bank’, he pulls his Barclaycard out his wallet saying that Barclaycard is now the riskiest part of Barclays.
Debt Hacker targets payday lender compensation FT (£ paywall): Non-profit group financed by consumer campaigner
Stop the parking sharks bringing misery to motorists across Britain: Mail: we call for common sense, as we lay bare some of the shocking cases that have seen motorists chased, bullied and harassed over private parking charges for dubious and minor infringements.
Conversion of Support for Mortgage Interest (SMI) from a benefit into a loan DWP statistics – with 96% of people now contacted, 70% have rejected the new SMI loan.
Ditched by NatWest and not told why, I’m a casualty of the war on laundering Times (£ paywall) As banks ‘de-risk’, customers are having accounts slammed shut.
FSCS declares £1.1m London-based credit union in default Financial Planning Today: FSCS expects the total pay-out for Kensington & Chelsea Credit Union Limited members to be £1.1m.
Credit scoring: are you in the dark? Which? – an in depth article.
Please only be suicidal during office hours, say HMRC, to workers facing bankruptcy Business Matters: a volunteer led action group highlighting the devastating impact of the 2019 Loan Charge is being inundated with calls and messages from distressed freelance contractors.
Since contactless cards came in our bank statements show lots of pub and restaurants: Will banks hold spending against us for a bigger mortgage? Mail: in the three months leading up to getting a mortgage I would perhaps start to act as if you were paying a mortgage and reign in any extravagances or big lump sums that may lead to questions.
FCA warns “Debt Packagers” about poor debt advice to enter IVAs my article on last week’s Dear CEO letter from the FCA.
Universal credit and other benefit news
Universal Credit: the honesty we owe and the changes we need Resolution Foundation: we are currently in the middle of a simply huge reduction in the generosity of our working-age welfare system that goes far beyond UC.
Universal credit: who gains, who loses, and how does transitional protection really work? CPAG: The other 4 million to claim UC will have no chance to access transitional protection at all.
Universal Credit and patterns of earning Gareth Morgan blog: a detailed look at what happens when people aren’t paid monthly, don’t get the same amount every month or even are paid at the end of the month.
Government accused of burying bad news over welfare reform Sky: A three-year trial found that sanctions had little effect on claimants improving skills and might even cause harm.
A dad of two’s nightmare with universal credit as debt piles up Wales Online: Deductions had been taken off his support to cover past advances and to reclaim money from a previous benefit overpayment and Working Tax Credit.
‘Selling everything’ because of universal credit BBC: administrative problems and her vulnerable mental health means 10 applications later [Holly] has still not received the benefit.
Ignore the hysteria. Universal Credit is working CAPX: my comment – the Centre for Social Justice keeps its eyes firmly shut to the problems of UC.
New checks to crack down on free prescription fraud BBC: In 2016-17, the number of £100 fines it issued for false claims doubled to more than 900,000.
This Is How It Feels To Have A Gambling Addiction HuffPo: ‘I needed to gamble the same way I needed to breathe’
£140 help with your electricity bill in winter 2018-19 my annual list of firms offering Warm Home Discounts to low income, non-pensioner households. One scheme is already closed to applicants this year and another firm has removed any reference to it from their website.