A new report by charity Gingerbread analysing how single parents lives have changed has found that unsustainable work and poverty are two of the biggest issues facing the UK’s 1.7 million single-parent families. The report titled “One in four: single parent families in the UK”, finds that huge progress has been made over the past 100 years to…

UK households stick with the same energy supplier for an average of four years, according to new research from comparethemarket.com. This equates to many households, on average, overpaying on their energy bills by £1,232**. For some families, the overpayment could be even greater. comparethemarket.com found that nearly a third (30%) have been with their provider for five years…

Here is an overview of The Money Charity’s latest statistics for February 2018: Personal debt in the UK People in the UK owed £1.572 trillion at the end of December 2017. This is up from £1.512 trillion at the end of December 2016 – an extra £1,105.77 per UK adult. Per adult in the UK that’s an average…

Almost one in three working-age adults in Northern Ireland are out of work, according to a new Joseph Rowntree Foundation (JRF) report that shows that Northern Ireland’s employment rate is lagging behind the rest of Great Britain. The warning comes as JRF highlights the poverty rates in Northern Ireland and the challenges facing low-income families.…

The Government is due to undertake a major review of university funding and student financing. In its unanimously-agreed Report on Student Loans, the Treasury Committee has made a series of recommendations, which the Government should address as part of its review. Interest rates Justification for high interest rates on student loans is questionable Above-inflation rate…

Ofgem has launched an investigation into Energy company Iresa’s customer service processes. The investigation will examine whether Iresa broke rules relating to customer information and customer contact. This includes examining whether they treated customers fairly in their call handling and complaints processes, gave indebted customers sufficient notice that they were taking a debt repayment out of…

In response to the Business, Energy and Industrial Strategy (BEIS) Select Committee pre-legislative scrutiny of the draft Domestic Gas and Electricity (Tariff Cap) Bill, Gillian Guy, Chief Executive of Citizens Advice, said “As this report makes clear, both loyal and vulnerable energy customers have been the victims of a dysfunctional market and have been ripped…

The Office for National Statistics has published its latest UK consumer price inflation figures showing the Consumer Prices Index was at 3% in January 2018, unchanged from December 2017. Jane Tully, director of external affairs at the Money Advice Trust, the charity that runs National Debtline, said: “Inflation remains high at three percent with wages…

The Insolvency Service has announced that two directors involved in a debt management business whose actions caused distress to members of the public who were already in financial difficulty have been disqualified. Stephen Anthony Wooley and Kevin John Dursley gave disqualification undertakings to the Secretary of State for Business, Energy and Industrial Strategy following an investigation…

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