Unite is calling on the government to invest in community-based debt advice in response to the cost of living crisis which is creating financial misery for millions. Unite is calling for the…Read more…
The ‘deserts’ of debt advice
The union’s warning coincides with the beginning of this year’s Talk Money Week. Proposals from the Money and Pension Advice Service (MaPS) to slash key debt advice funding will add to what is…Read more…
‘Counterproductive’ redundancies
Members of Unite will hold a socially distanced protest tomorrow outside the Leeds debt support charity StepChange from 12.30pm over ‘counterproductive’ plans to slash up to 170 jobs. The ending of…Read more…
Christmas debt blues
Struggling workers are waking up to the New Year with a hangover of debt after the festive period, with nine million people beginning 2020 owing between £2,000 and £10,000. As the cost of…Read more…
‘I don’t want bailiffs to come to the door’ – how debt affects us and how UNISON can help
“No matter what the circumstances are, we can always do something to help.”
The article ‘I don’t want bailiffs to come to the door’ – how debt affects us and how UNISON can help first appeared on…Read more…
‘Crisis-level’ debt
Long-term wage stagnation and skyrocketing housing and transport costs are continuing to take their toll as the number of people claiming financial insolvency reaches a seven-year high. New…Read more…
Debt mountain
The average British household now owes a massive £15,385 in unsecured debts, according to new research that found the country’s debt mountain has reached record heights. Unsecured household…Read more…
Counting the cost of debt
Problem debt is costing the economy at least £900m a year according to a report by an official watchdog, which said the government has “insufficient” understanding of people’s struggles with the…Read more…
Wonga collapses
Payday lender Wonga — which gained notoriety over the last decade for its aggressive debt collection practices, eye-watering interest rates and dogged tax avoidance — collapsed into administration…Read more…
‘Joke’ insolvency plans
Planned government action on dodgy bosses who use insolvency to avoid paying wages and pensions are a “joke”, Unite has said. Bosses who dissolve their companies to get out of paying workers…Read more…
‘Crippling’ household debts soar
While the government celebrated a record budget surplus today (August 21), ordinary people are barely keeping their heads above water in a sea of outstanding household debt approaching £19bn, new…Read more…
Living on a knife-edge – survey reveals what a pay rise would mean to NHS employees
Being able to feed their families, afford dental treatment, repair their cars or pay off debts are some of the things that health workers could afford if the government gave them a decent pay rise,…Read more…
Interest rates rise is the last thing public servants need
Rate rise adds insult to injury for public service employees suffering from years of wage freezes and limits on their pay
The article Interest rates rise is the last thing public servants need first…Read more…
New world ‘in sight’
Shadow chancellor John McDonnell today (September 25) painted a picture of Britain as it is and the Britain it could one day be under a Labour programme that will hand power and wealth to the true…Read more…
Borrowing to eat
Nearly half of all young people have to borrow money to make it to the end of the month, illuminating the plight of millennials struggling with shrinking wages, rising living costs and insecure work….Read more…
‘Pushed into debt’
Nearly a fifth people struggling with debts have had their credit card limit automatically increased, a figure higher than for regular cardholders, new research shows. Citizens Advice found 18…Read more…
‘All is not well’
British workers are set for another hit to their living standards, as rail fares surge to their highest in five years and wages continue to stagnate, even amid steady inflation. Rail fares for…Read more…
Credit crunch revisited?
Ten years ago today, the credit crunch that would catapult the world into financial crisis first began. On that day, August 9, 2007, BNP Paribas announced it would stop activity with three hedge…Read more…
The government’s decision to privatise enforcement puts profits ahead of security
PCS has launched a campaign to halt the Conservative government’s latest attempt to privatise sensitive work in our justice system. On 1 August, civil servants employed as civilian enforcement officers (CEOs) were told that the work they do enforcing financial fines for the criminal courts, will…Read more…
Britain still needs a pay rise – real wages are falling again
Are you feeling the pinch? That’s because real wages are falling – again. In 2016, average real weekly pay (that’s pay once inflation has been taken into account) for UK workers was around £24 less than it was back in 2008. This adds up to over £1,200 a year. The UK is one of few…
The…Read more…