Cost of Living

Shoppers Racking Up Billions in Buy Now, Pay Later Debts

British shoppers have collectively racked up billions of pounds in debts via buy now, pay later (BNPL) credit arrangements over the course of this year.

Number of Scots Missing Energy Bills Up Sharply Since 2020

The number of Scots who have missed energy bill payments because they couldn’t afford to make them has increased sharply since 2020, according to a new set of figures.

Debt Burdens Dragging Down Low-income Households

Millions of low-income households across the UK are being dragged down by debts they accumulated during the pandemic.

Don’t Be Scared to Deal with Your Debts, Money Expert Tells TV Viewers

People with debt problems should not be afraid to confront the realities of their circumstances and tackle them head on, according to the expert money adviser Martin Lewis.

Fuel Debt Warning Fired by Consumers’ Commission

There could be a big rise in the scale of fuel debt in Scotland next year as consumers struggle to keep up payments on their energy bills.

Energy Bills Forecast to Increase by Hundreds of Pounds in 2022

Energy bills being paid by households across the UK are likely to increase by hundreds of pounds next year, according to industry experts

Campaigners Underwhelmed with Sunak’s £500m Household Support Fund

Charities and campaign groups have been left broadly underwhelmed by the creation of a new financial support fund designed to help low income households get by this winter.

Rent Debt Crisis Set to Worsen with UC Uplift Cut

The scale of the rent debt crisis in the UK is likely to worsen once the government removes the £20 uplift to Universal Credit payments.

Buy Now Pay Later Deals ‘a Slippery Slope into Debt’

Buy Now Pay Later (BNPL) deals are a slippery slope into serious debt problems for a growing number of UK consumers.

Consumer Energy Bills Set to Rise, Ofgem Confirms

Consumer energy bills are set to rise for households across the UK in the coming months, according to the energy markets’ regulator Ofgem.

Universal Credit Cut Expected to Sharply Increase Reliance on Foodbanks

The UK government’s plan to reduce Universal Credit payments by £20 will have a major impact on the scale of demand for foodbank services across the country.

Scottish Government Urged to Double Child Payments for Low Income Families

A group of religious leaders have called for the Scottish government to double the amounts it pays to low income families to help them support their children.