posted by Rory in Debt news
It’s been over a month since the Brexit vote, and we’ve been busy looking at how it could affect your finances if you’re in debt.
July has also seen increases to the cost of bankruptcy in England and Wales, Universal Credit being pushed back, and the release of our latest report, looking into which organisations are the most unfair when dealing with people with debt problems.
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The people of the UK have spoken and have decided that we should leave the EU. There are endless articles online about the political ins and outs, arguing one side against the other. We’re going to sidestep the debate and instead investigate the practical implications of Brexit on your finances.
The short answer to how Brexit will affect the majority of people is this: things will probably carry on as normal, in the short term at least.
The long answer is a bit more complex…
The key thing to note is that very little has changed since the vote to leave the EU and it’s still too early to see what the long term impact of Brexit will be.
We do have a slightly better idea about where the potential changes to your finances could occur, based on short term predictions of the economy. So let’s take a look at the different areas that Brexit could affect you, and how soon these changes could happen. Continue reading »