Experts claim households across the country are facing an increase in their council tax after Chancellor Rishi Sunak cut financial support for councils in his Spending Review. Following an analysis of the review the Institute for Fiscal Studies (IFS) said bills may increase by £70 per household on average. Raise IFS director Paul Johnson said …
Citizens Advice have launched a campaign to get the rules around council tax arrears changed to protect vulnerable families. Under the current system in England and Wales, missing the first payment of an average £167 bill could see homeowners hit with an instant demand for the full £2,065. The demand for the remainder would be …
Continue reading “Council tax rules must change – Citizens Advice”
A radical report by a British think tank has suggested giving £10,000 to all 25 year olds and making the earnings of anyone over 65 subject to National Insurance to raise £2.3 billion for the health service. The Resolution Foundation says the moves are necessary to better fund the NHS and to ‘improve social cohesion.’
Latest figures from Age Concern reveal that 1 in 50 of people in their 70s have problem debt, but what would happen to that debt if they died before it could be paid off? The short answer is that the debt remains to be paid and it must be done before the rest if the …
Keeping control of what we spend is important in a world full of temptations which want to part us from our hard-earned cash and lure us into debt. But something we rarely consider when examining our finances is the emotional or psychological side of money management.
Anyone borrowing money from a doorstep lender should have the same protection as those taking out payday loans says one of Britain’s leading charities. Citizens Advice says that copying the rules that curbed the excesses of the payday loan market would stop doorstep borrowers spiralling deeper into debt.
One of Britain’s biggest debt charities has revealed it received more than 600,000 cries for help in 2017 – a 3.5% increase on the year before and 22% up on four years ago. StepChange said 619,946 new clients contacted them last year, with a disproportionate number of single parents and people in rented accommodation.
As the government is considering six weeks of ‘breathing space’ to help those in debt to get back on track, campaigners say the debt relief should last up to a year. The debt champions say the extra time is needed because of the complex nature of most debt problems.
Council tax rises are being planned across England to save local councils from going broke. The 2018 State of Local Government Finance research claims council tax is set to rise in 95% of local authorities and 93% will also be increasing charges amid concerns for their financial stability.
Average council tax bills throughout England are set to rise by £107 a year after the government raises the cap by 1%. Announcing the biggest rise for 14 years, Communities Secretary Sajid Javid said that all councils will be allowed to raise their bills by 3%, without the need for a local referendum. The 152 …
Continue reading “Council tax set to rise by over £100 a year”
You do not need to use the services of a Claims Management Company like Money Management Team. You can contact the lender directly for free and if they are no longer trading, you can contact the Financial Services Compensation Scheme providing it falls within their remit. The Financial Ombudsman Service can be contacted free of charge, if you have approached your lender first and wish for them to review your case. You also have the right to seek further advice from other legal firms or consumer organisations, subject to any time limits within which a claim must be made