News

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.

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.

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.

Citizens Advice has called on the government to take swift and significant action to help the millions of people who’ve fallen into debt in recent months through no fault of their own.

The Scottish economy has officially entered a period of recession despite recent months having seen an upturn in overall output.

Rules protecting tenants in Scotland from eviction notices are to remain in place until March next year, it has been announced.

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.

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.

Universal Credit has been blamed for sharp rises in rent arrears and huge increases in the number of people reliant on food banks.

Financial service companies have been told by their industry’s chief regulator that they need to do more to provide support to customers who are struggling with debt.

Around 22,000 households are to be alerted by the Scottish government to the fact they may be eligible to extra forms of financial support if they’re struggling.

Personal debt experts have welcomed the news that the Financial Conduct Authority (FCA) has decided to ban commission structures that incentivise car retailers to sell high-interest finance deals to their customers.