Tag Archives: autumn statement

December’s debt and money news

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It’s time for our usual round-up of the latest debt and money news! Since our last update, there’s been plenty going on, including the Government’s Autumn statement. We’ve looked at in detail to see how you’ll be better, or worse off when the changes kick in.

But that’s not all; we’ve also heard some alarming news regarding some payday lenders who may have been targeting the homeless.  There’s a call from our friends at Moneysavingexpert.com to fix your utility bills NOW, and an inspiring story about how one woman reduced her spending dramatically and changed her outlook on life in one year…

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What are the 2016 benefit changes announced in the Autumn Statement?

posted by in Budgeting, Debt news 2 Comments

UPDATE: This article was published in November 2015. Make sure you’re up to date with the 2016 benefit changes and how they may affect you. 

If you’ve been worried about the effects of the changes to tax credits due in the spring, then you’ll hopefully be breathing a sigh of relief today. The Chancellor George Osbourne announced a U-turn on the proposed changes in the Government’s Autumn Statement yesterday. But what else was announced during his 80-minute speech?

The Government’s Autumn Statement and Comprehensive Spending Review isn’t a page turner. But it affects the finances of a lot of people up and down the country. That’s why we asked our Policy team to try and explain the changes in language that even the MoneyAware team would understand.

At a glance it looks like this…

Potentially positive for you:

  • Reversal of tax credit cuts
  • Pension payments will increase
  • Extension of the Warm Home Discount to 2020-21

Potentially negative for you:

  • Changes to Universal Credit (UC) announced in the Summer Budget will still go ahead from 2016-17

Other things to be aware of:

  • There are changes to benefits paid to the self-employed
  • There are some small changes to JSA ‘conditionality’

Let’s look at these in more detail…

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Know your rights: November’s debt news

posted by in Budgeting, Debt news Leave a comment

Justice scales law

Certainly not winter there

Don’t the months fly by? Christmas draws ever closer and it’s time for November’s changes in debt law and financial news that might affect you.

The Autumn Statement (a kind of half-term report on the state of the Budget) was revealed yesterday by the Chancellor of the Exchequer George Osborne. While many are still working out the implications of what he announced, five of the main points of the Autumn Statement were:

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