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Showing posts with the label Cost of living

Monthly Debt News (July 2023)

(July 2023) Monthly Debt News looks at debts and the causes of debts in Britain from various sources selected for professionals to make the debt sector simple. This month’s Debt News includes: Debt collectors illicitly obtained French citizens data -  Ofgem brings measures for debt recovery - UK household pay down  mortgage and use savings - FCA introduced mortgage breathing space - UK Govt renationalising Thames Water.  Finally, bite-size stats on student loans, universal credit fraud, financial exclusion and renters in poverty. ---------------- Debt collector of UK fines ‘illicitly’ got data of drivers in France That is the claim of 102 plaintiffs who have filed a complaint over fines relating to low-emission zones in London  More here:  link   ---------------- Ofgem proposes £13 allowance in PPM price cap for energy suppliers The measure is part of Ofgem’s new plan to protect PPM customers and help energy suppliers recover bad debts. Energy regulato...

Debt Talk: Council tax, debt & enforcement on Debt Talk (Feb 2023)

(February 2023) In this month’s podcast on Debt Talk, Ripon Ray explored the current landscape for councils to recover council tax. Since the introduction of welfare reform over ten years ago, nearly every councils in the UK expect some forms of contributions from households regardless of many households were deemed too poor to pay prior to the introduction of the reform. At the same time, Britain has seen an increase in the recovery of council tax through the Magistrates' Courts. While the number of households in arrears has increased throughout the country, there has been a surge in the use of civil enforcement agents to recover priority debt. To explore this month’s topic, Ripon Ray spoke with panelists from the debt enforcement and debt advice sector to explore the current framework in which councils work and ways council tax has been recovered. Samantha Nurse  - Founder and CEO of Money Advice Hub spoke about the way councils throughout the UK charge council tax and the way th...