Reduce Financial Outgoings During COVID-19 Coronavirus
By Jon McNamara

With the COVID-19 pandemic going on, many people have found themselves facing redundancy or the threat of reduced hours. There are several ways to reduce your bills during the Coronavirus. As during this pandemic, worries…

In categories: NewsSave Money
UK regulator investigating high bank overdraft fees
By Jon McNamara

Overdraft fees of as high as 40%, which is several times that of payday loans, are being investigated by the United Kingdoms main watchdog agency, the Financial Conduct Authority (FCA). The high fees are mostly…

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Housing benefits do not pay for all of rent
By Jon McNamara

Due to the housing benefit freeze, as well as increasing housing costs, Hundreds of thousands of families in the UK who rent in the private sector are having to come up with extra money each…

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15% UK households behind on rent, tax, or water bills
By Jon McNamara

UK households are struggling to pay their bills and continue to fall behind. The 3 critical expenses of council tax, water bills as well as rent that are essential to UK families are the most…

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One million more households will be in fuel poverty – lower energy bills
By Jon McNamara

There will major help coming to families on a low income that are near fuel poverty levels. The government will be providing as many as one million more households a reduction in their energy bills…

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2nd half of Universal Credit roll out starts in July
By Jon McNamara

The Universal Credit Roll out will resume its roll out July 1, 2019. This new phase is called “managed migration”, and it is expected to last until March 31, 2023. The process will start as…

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37 per cent of Universal Credit recipients are struggling
By Jon McNamara

Over 60 per cent of households on Universal Credit are struggling to keep up with their bills, including housing, fuel, groceries, and other living costs. A study from HM Revenue and Customs as well as…

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UK Savings rate in 2018 at record low
By Jon McNamara

There are different data points when it comes to the savings rate in the UK, but most of them (if not all) show that the rate of savings fell to a record low in 2018….

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No-deal Brexit impact to welfare
By Jon McNamara

No one knows what the future will be. But there have been independent studies done that say if there is a no-deal Brexit, that all of the welfare benefits, housing schemes, and government financial aid…

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50% of children from lone-parent families in poverty
By Jon McNamara

The levels of child poverty in the UK continues to grow. About 4.1 million children in the UK now live in poverty, and of those, about 2 million of them are from homes run by…

In categories: News