Debt news – 20 March 2022 · Debt Camel


My select of final week’s news is Leeds charity left at ‘breaking point’ given £50,000 by means of Martin Lewis.

Tweet of the week

And what took place subsequent:

Leeds charity left at ‘breaking point’ given £50,000 by Martin Lewis ITV: Money Buddies has 24 websites throughout West Yorkshire providing lend a hand to any person suffering to repay debt, suffering with price range or wanting criminal recommendation.

Debt news

Bank Rate increased to 0.75% – March 2022 Bank of England: The marketplace-implied trail for Bank Rate now reached round 2% by means of finish-2022.


Countryside and Taylor Wimpey ordered to remove ‘unfair’ doubling ground rent clauses from leases MSE: 15 companies that purchased freeholds from housing developer Countryside, together with funding companies and housing associations, have agreed to take away phrases that will have noticed floor rents double in worth each and every 10 to fifteen years. 

Council car park’s 130 different fees leave motorists baffled RAC: Motorists are being requested to calculate the price of parking according to their automobile’s Euro 6 emissions requirements, together with which tax band their automobile falls into and the period in their keep.

Cost of residing disaster

Catch 2022 – Spring Statement 2022 preview Resolution Foundation: Rising meals and effort costs chance riding a 2d inflation spike q4 that would achieve over ten in keeping with cent for poorer families – considerably upper than the height for richer families.

Crunch Point: Protecting households from record energy bills in the coming months Citizens Advice: just about part (47%) of folks on low earning expect that they’re going to fall at the back of on their crucial expenses, or scale back on crucial spending

Collision Course – a snapshot of the challenges facing households on the cost of living Money Advice Trust: Nearly 4 in 10 (37%) callers to National Debtline have a ‘deficit budget’, that means they already don’t come up with the money for coming in to hide crucial outgoings – let by myself deal with any family invoice or worth will increase.

Rishi Sunak’s energy crisis package for low-income households is already out of date Guardian: Universal credit score is probably the most direct and efficient approach to spice up improve, and is the most obvious coverage device to make use of. Alternatively, carry advantages, these days because of upward thrust by means of simplest 3.1%, or carry nationwide insurance coverage thresholds, or a mix of the above. 

Can the Spring Statement quell rising financial anxiety? FT (paywall): if the chancellor does not anything to lend a hand the ones at the lowest earning, by means of October, downside debt will change into the one simple task for thousands and thousands of folks — from the bottom earners to younger renters and lots of others but even so.

Two in five Brits receiving Universal Credit forced into debt this winter as payments failed to cover soaring cost of living Trussell Trust One in six individuals who obtain Universal Credit had to consult with a meals financial institution at least one time for the reason that get started of December.

Violent loan sharks circle as UK families are pushed into debt Guardian: charities and neighborhood centres have noticed a surge in folks inquiring for lend a hand, a few of whom grew to become to mortgage sharks to pay for college uniforms and meals in addition to hire and expenses.

Coventry dad goes days without eating to feed daughter as debt levels in city triple Coventry Live: the boss of Coventry Citizens Advice… stated the charity was once supporting masses of households within the town and had noticed an build up in call for for its lend a hand. 

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