Information Updates


ADVICE AREA


SUBJECT


WHAT’S HAPPENING

Benefits

Universal Credit (UC)

The government’s decision to roll UC out faster has got a lot of news coverage.  The main focus has been on the 6 week delay before payments.  Studies in pilot areas have shown increased rent arrears and increased use of food banks.  UC will eventually replace 6 benefits including Tax Credits, and will impact many households.

Consumer

Overcharging for mobile phones

A Citizens Advice report highlighted the many people paying too much on mobile phone contracts once the period of contract has ended.

Energy

Energy Price Cap

Ofgem announced an energy cap for 1 million households receiving the Warm Homes Discount this winter.  It will save these households £120 on average.

Benefits

State Retirement Pension (SRP)

The SRP will go up by 3.0% in April 2018 under the “triple lock”.  This increase is in line with inflation.

Benefits

Pension Credit (PC)

A government report showed that £3billion of PC is not claimed each year.  PC is a means-tested benefit for over 65’s. If you think you might be entitled, contact The Department of Working Pensions ()

Debt

FCA Report On
Financial Harm

The FCA reported over half of UK adults are vulnerable to financial harm.  In other words, their finances would be at risk if something went wrong.

Housing

Government Spending for
Affordable Homes

The government announced an additional £2 billion for building more affordable homes.  The overall number of these has fallen substantially since “right to buy” was set up.