My decide of final week’s information is Freeze Debt — an investigation.
Tweet of the week
Standing expenses for individuals on prepayment meters will rise once more from October. In the event that they disconnect themselves to save cash for Christmas they may pay £7.05 per week (£4.22 electrical energy+£2.83 gasoline) to take a seat within the chilly and darkish, 83p per week greater than a yr earlier, an increase of 13.3%.
— Paul Lewis (@paullewismoney) August 25, 2023
Debt information
Freeze Debt — an investigation Debt Advisor weblog – advising an IVA for somebody with a DI of £25???
Ticking time bomb of purchase now pay later Mail: Greater than 3m UK households owe £2.7billion on ‘purchase now, pay later’ (BNPL) borrowing
Renting:
Financial institution of Mum and Dad will contribute to 47% of home purchases this yr Mail: Household funding is predicted to assist greater than 318,000 property purchases, the best quantity since L&G started monitoring household lending in 2016.
Response to October vitality worth cap:
Power payments to fall by 7% as new Worth Cap is introduced MSE: Regardless of the autumn within the quantity we’ll pay beneath the Worth Cap from October, the excessive each day standing cost – that all of us pay only for the power of getting a gasoline and electrical energy connection – stays excessive.
Gotta get by way of this – Power payments this winter Decision Basis: any household with an vitality consumption lower than four-fifths of the typical will see greater payments this winter than final, a scenario that applies to round one-in-three (35 per cent) of households in England and near half (47 per cent) of these within the lowest revenue decile.
Delivering a Nationwide Power Assure New Economics Basis: The proposed NEG entails a brand new vitality billing construction which lowers and fixes the value paid by households on their important vitality wants. A better worth is then charged by retailers for greater ranges of utilization.
Advantages:
Information round-ups are printed each Sunday. Subscribe to this weblog to get an e-mail when new articles are printed, see under.
