The Chancellor Rachel Reeves delivered Labour’s first Budget in over 14 years on October 30th, 2024. Before the announcement, we had a look at what was predicted to be discussed. Were the predictions correct? In this article, we’ll summarise the key points the Chancellor delivered, comparing them against the predictions and discussing everything from the…
At the end of April 2024 we held our event Generation Debt: looking at the impact of debt across all ages and wages, down in London. The event drew on the findings from our collaborative report with Etic Lab, Problem Debt in the Cost of Living Crisis and Beyond. You can read more about the…
For many, gambling is a harmless hobby, but for others, the allure of this pastime can lead individuals down a path of financial hardship, resulting in accumulated debts. According to a 2022 study by Citizens Advice, 18% of people who regularly gambled online were in significant gambling debt. That equated to 3.3 million people. This…
If you find yourself seriously struggling with debt, it could be time to act. Although insolvency is not something that should be considered lightly, in certain circumstances a statutory debt solution can be your best option. Indeed, solutions such as an Individual Voluntary Arrangement (IVA) or bankruptcy can enable you to clear your debts and…
If you’re struggling with significant levels of debt, an Individual Voluntary Arrangement (IVA) is one option to regain control of your finances. However, the lasting impact of an IVA on your future financial health, and in particular your credit score, do need to be seriously considered before entering into the IVA process. In this guide,…
Gambling is a popular pastime in the UK. According to statistics from the Gambling Commission, nearly half (43%) of the UK population gambles at least once a month. And while the majority of people do enjoy gambling responsibly, for others, this seemingly harmless hobby can easily become a financial strain that leads to significant amounts…
You never know what might be just around the corner. However, whether your car breaks down or you need to pay a visit to the emergency dentist, one thing is almost always guaranteed – life’s little curveballs are rarely cheap. This is where payday loans come in. These easy-to-access loans are, on paper at least,…
Easter is falling relatively early this year, so pancake day is already upon us! Here’s a finance-friendly pancake recipe so you can cook up the classic treat while being gentle on your wallet… This recipe makes 12 yummy pancakes. Ingredients and costs (Approximate costs based on prices at Tesco, correct at time of writing –…
There are three important dates in February 2024: the 1st, the 6th-22nd, and the 28th. One of these dates has already passed us by, and one is currently in progress, but no need to worry – you can catch up on what you missed here. February 1st – The Monetary Policy was released The Bank…
2024 – the Year of the Dragon – is predicted to bring opportunities, changes, and challenges. These can all be positive or negative depending on how you perceive them, and they’re all interlinked. An opportunity you’ve always wanted may come your way, or it might be an unexpected new chance that arises, something you hadn’t…
When debt reaches an unmanageable level, the first option many people consider is bankruptcy. However, while this legal process can be used to help individuals regain control over their finances in the long run, there are a number of strings attached that must be seriously considered. In this guide, we explore the legal meaning of…
Dealing with significant debt is not only overwhelming, it can also have a negative impact on your life and health. If this is the case, a professional debt management solution is often your best course of action. While Debt Management Plans (DMPs) and Debt Relief Orders (DROs) may be the best option if you find…