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Martin Lewis, the personal finance expert and consumer champion, has urged people struggling with debt to consider applying for a payment holiday while they still have the chance.
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As many as 12 million adults across the UK were struggling with debt and battling to keep pace with demands on their finances in July this year, according to the Financial Conduct Authority (FCA).
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The Scottish government has said it will be providing local authorities across the country with an extra £30 million to help them tackle financial insecurity in their areas.
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MPs at Westminster have argued that people applying for Universal Credit (UC) should not be forced to wait five weeks before receiving their first payments.
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The closing of the UK government’s furlough scheme in the coming weeks is likely to prompt a notable rise in job losses in Scotland, according to first minister Nicola Sturgeon.
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Large numbers of households across Scotland could be facing serious financial problems once the option to defer their bills or their debt repayments ceases to be available.
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The Manchester United and England footballer Marcus Rashford has announced the launch of a new taskforce that he hopes will help reduce the number of children going hungry across the UK.
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The night-time economy in Scotland is in the midst of a major financial crisis as the coronavirus pandemic takes its toll on businesses within the associated industries.
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The Scottish economy has officially entered a period of recession despite recent months having seen an upturn in overall output.
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Rules protecting tenants in Scotland from eviction notices are to remain in place until March next year, it has been announced.
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There has been a sharp rise in the number of families in Scotland claiming Universal Credit in the months since the Covid-19 crisis began.
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Scotland could soon be faced with a “tidal wave of evictions” unless actions are taken to protect people in financial difficulty from being kicked out of their homes.
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