Category: Borrowing & debt

What the interest rate cap on student loans means for graduates

Decision to cap rate at 6% from September is unlikely to defuse row over crippling cost of debtFull story: UK caps interest rate on student loansThe government has announced a small concession for millions of university...

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MPs launch student loans inquiry amid ‘perfect storm’ for young people in UK

Influential Treasury committee chair Meg Hillier says review follows growing concern over graduate debtUK firms struggling to hire young people amid cost pressures, MPs toldYoung adults in the UK face a “perfect...

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Survivor of financial abuse invited to advise ministers after Guardian report

City minister Lucy Rigby acts after woman faced repossession of house burned down by controlling husbandA woman who was nearly killed by her abusive husband has been invited to advise the government on measures to support...

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Expand credit unions to boost cheap credit to low-income people, Labour MPs urge Reeves

Influential MPs including committee chairs say millions could benefit with minor changes to financial inclusion bill A group of Labour MPs have called on Rachel Reeves to support a huge expansion of credit unions to boost access...

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Lending to small businesses and low-income areas must expand, say Labour backbenchers

Senior politicians have tabled bill that would force UK banks to make affordable finance more accessibleSenior Labour backbenchers are urging the government to introduce legislation forcing UK banks to expand affordable lending...

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‘Stress crisis’ in UK as 5m struggle with financial, health and housing insecurity

Exclusive: Levels of ‘multi-stress’ at highest since 2008 crash, study says, with people feeling profoundly powerlessMore than 5 million UK adults are experiencing a triple whammy of financial, health and housing...

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Council tax: final-year students warned they could get surprise bills

Students are exempt during their course but as soon as they finish their final year they are liable to payFinal-year university students have been urged to check that they do not owe council tax for the last few weeks of their...

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Alarm at growing number of working people in UK ‘struggling to make ends meet’

UK debt advice charity warns that cost of living crisis and higher rents are pushing younger full-time workers into difficultiesA rising number of people in full-time work, including those in jobs such as nursing, have been...

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