Debt news – 25 April 2021 · Debt Camel

My pick out of remaining week’s news is the StepChange redundancies introduced in Exceptional instances, outstanding measures, and the long run.

But Convicted Post Office employees have names cleared is a welcome bit of excellent news.

Debt news

Exceptional times, exceptional measures, and the future StepChange: StepChange declares 140-170 redundancies, 10% of its group of workers, as its “Fair Share” source of revenue has fallen.

Letter of concerns in relation to Provident’s proposed scheme of arrangement FCA: “the FCA does not believe that the Scheme is the fairest compromise that could have been offered to customers with valid redress claims by the Group… Noting the FCA’s integrity objective to protect and enhance the integrity of the UK financial system, the FCA also has significant concerns about schemes of arrangement being used to circumvent paying customers their full redress entitlement.”

  • The Provident Scheme handed the first court hearing (which doesn’t imagine the equity of the Scheme) at the 22 April.


Convicted Post Office workers have names cleared BBC: Judges have quashed the convictions of 39 former postmasters after the United Kingdom’s maximum in style miscarriage of justice.

Buy Now… Pain Later? Citizens Advice record: There is incessantly a lack of expertise on the checkout to lend a hand other folks remember the fact that BNPL is a credit score product and what the penalties can be in the event that they’re no longer ready to
make repayments. 

Benefits & different news

UK households ‘hit harder by pandemic than those in France and Germany’ Yahoo Finance: weaker protection internet intended that whilst UK families have been simply as more likely to have skilled a unfavourable employment alternate as French families right through the disaster, they skilled a some distance larger hit to their dwelling requirements than their European opposite numbers.

DWP chiefs draw up plans to let private firms run Universal Credit hotlines Mirror: Up to seven telephone strains together with basic enquiries and proof-collecting may shape a part of a brand new ‘strategic contract’ with personal companies from May 2022

Uniform mistakes: the cost of going back to school CPAG: we want to ensure that uniforms are inexpensive for all, and don’t create further monetary tension. Help with college uniform prices is patchy, inaccessible to a few and insufficient for all.

Confusion and stigma: half a million people overlooked Universal Credit despite COVID-19 Inequalities weblog: It is incessantly no longer loss of want that explains non-take-up, however as a substitute such things as perceived stigma and ‘hassle’, the hope that issues will quickly recuperate, or a lack of information that they could be eligible.

We’re still in the dark about insecure work FT (paywall): Official metrics have a tendency to omit the have an effect on of volatility on each the quantity and trend of hours and shifts.

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