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Found 6 results

  1. Please have a read of the attachment as it provides information for homelessness from the start of the year till the end of March. 1st quarter. It is now once again on the increase... " If faced with the loss of their home, any household can apply to their local authority for acceptance for housing assistance. A household is considered homeless if they no longer have a legal right to occupy their accommodation or if it would no longer be reasonable to continue to live there, for example, if living there would lead to violence against them."
  2. Beleaguered energy customers face a £215 bill for the installation of smart meters that will only save them around 3 per cent on their average annual bill by 2030, according to the public spending watchdog. The Commons public accounts select committee estimated the smart meter rollout will cost £10.6 billion for the actual meters, with households forking out up to £11 running costs a year, plus the £215 cost of installing the meter. According to the committee, consumers will save just 2 per cent on an average annual bill of £1,328 until 2020, rising to £43 a year, or 3 per cent, by 2030. Read more: http://www.thisismoney.co.uk/money/bills/article-2749473/Energy-customers-face-215-bill-smart-meters-save-3-cent-bills-2030-says-watchdog.html#ixzz3CuknxR3h
  3. New analysis shows alarming numbers of debt-laden households vulnerable to minor rate rises - even in a positive scenario of rising incomes The number of households spending more than half their income servicing debts - which stood at 870,000 before the crisis in 2007 - could exceed one million in coming years if the Bank Rate climbs just 2.4 percentage points to 2.9pc, new research has warned. If such large numbers were drawn into “debt peril” the consequences would be “profound for borrowers, the financial sector and the ability of consumers to contribute to economic recovery,” the report concluded. The work, undertaken by think tank the Resolution Foundation and published today, analyses a range of outcomes for households depending on how fast interest rates restore to “normal” levels. Its projections also factor in a range of trends in household income. The work identifies two vulnerable groups: “debt-loaded” households, who spend more than 25pc of their disposable income servicing debts, and those in “debt peril”, where the proportion of income spent on debt exceeds 50pc. In 2012 an estimated 3.6m households fell into the less fragile, “debt-loaded” category. But for every upward tick of the Bank Rate more of the “debt-loaded” switch into “peril” status. More: http://www.telegraph.co.uk/finance/personalfinance/borrowing/10172791/A-modest-rise-in-interest-rates-could-cause-a-million-households-to-collapse.html
  4. Latest data from Which? reveals the extent to which UK families are struggling to pay for essentials such as food. The group’s April consumer tracker survey shows one in five households (five million) using credit or savings to fill the fridge, as people find they are unable to manage on their monthly incomes. This group is largely made up of low-income families, with four in 10 of these households headed by people aged 30 to 49 years, the majority with children, and an income of £21,000 or less per year. Of those who are using credit or savings to pay for food, the tracker also reveals that: Nearly six in 10 find it difficult to cope on their current income. A third borrowed money from family or friends in the last month. Two-thirds are worried about their level of debt and one in 10 defaulted on a bill last month. Other findings from the April data include: Only a quarter of people say they are living comfortably on their incomes with around a third of respondents feeling the squeeze. More than half of people questioned are worried about their level of savings and two-thirds are worried about interest rates on their savings. Over two-thirds of respondents described the state of the UK economy as poor. Populus, on behalf of Which?, interviewed 2,099 UK adults online between 26th and 28th April 2013 with data then weighted to be demographically representative of all UK adults. Link: http://www.bankingtimes.co.uk/2013/05/05/five-million-households-pay-for-food-with-credit-or-savings/
  5. One in five households are now in debt to their energy supplier, according to comparison website uSwitch Soaring energy costs and an exceptionally cold winter have squeezed family finances to the extent that 20% of households are now in debt to their energy supplier, according to comparison website uSwitch. USwitch said that if the figures from its survey were extrapolated across the UK, it would mean a total of 5 million households were behind with their bills, compared with 4 million a year ago, when 14% said they owed money. The collective debt adds up to £637m – £159m more than a year ago when the average outstanding bill reported by the 2,000 people surveyed by the website had fallen, by just over £8 to £123, but 41% of those who were in debt said they owed more than in April 2012 and just 9% said they owed less. One in 10 said they planned to clear the debt by setting up a repayment plan with their supplier, while 2% said they planned to move onto a prepayment meter – typically the most expensive way to pay for energy. With the average household bill now almost £100 higher than in April 2012, at £1,353, and March setting records for freezing temperatures, uSwitch said the average amount owed could shoot up again. Ann Robinson, director of consumer policy at uSwitch.com, said the figures were "a clear indication of the pressure people are coming under just to meet the cost of their basic bills". "The fact that a million more households have fallen behind in the last year so that over five million are now in debt to suppliers tells us everything we need to know about the impact of sky-high energy prices." The debt advice charity StepChange said it had seen a steep rise in the proportion of clients who had fallen into arrears with energy companies in recent years. In 2009, 6.8% of those seeking advice owed money on fuel bills, with the typical sum standing at £537. By the first quarter of 2012, the proportion had grown to 11% and the average level of arrears to £664. "The increasing number of people falling into arrears with their energy bills is indicative of how the continuing squeeze on household budgets is leaving more and more people struggling to meet the basic cost of living," said a spokesman for StepChange. "We would urge energy firms to show forbearance and understanding at this time when many consumers are financially vulnerable." Link: http://www.guardian.co.uk/money/2013/apr/09/households-debt-energy-supplier-uswitch
  6. This equates to almost half of the daily total mail deliveries http://www.dailymail.co.uk/news/article-2232540/An-avalanche-junk-mail-Nearly-half-daily-postbag-direct-marketing--Royal-Mail-wants-more.html
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