No Jam or Justice in the autumn statement

The incomes of the poorest are hardest hit – by far – whilst the wealthy escape scot free. 

This week’s autumn statement announced further years of pain ahead, as the economy adjusts to the likely impact of Brexit.  An economic policy grounded in social justice might have sought to place the greatest burden on those most able to bear it.  But, yet again, it is the poorest who are being called on to shoulder the greatest pain. Continue reading

Fairforyou: An affordable alternative to Brighthouse

Today sees the launch of Fairforyou – a new not-for-profit lending company, offering furniture and white goods at vastly cheaper prices than Brighthouse and other existing high cost lenders.

According to our independent cost comparison below, buying a Hotpoint fridge freezer will cost £584 from Fairforyou, compared with £1,326 from Brighthouse – an astonishing total cost saving of £742.

best buys FEB 2016

Fair for You aims to provide transparent and affordable credit for essential household items to families who do not have access to mainstream finance.  Established in 2015, Fair for You has carried out extensive market research among lower income households to develop affordable, flexible and responsible credit to meet their needs. Importantly, loans can be repaid early, with no penalty; customers are encouraged to overpay, which many do; and there are no added fees for missed payments. If Fair for You’s credit checks show affordability is an issue, applicants are encouraged to seek debt advice. Continue reading

Listening to the people who are living the ‘Perfect Storm’

stormThe challenges posed by current benefit changes, public sector cuts and wider economic recession have been described as a ‘perfect storm’. But do we, let alone politicians, really understand what that looks like to those living with the day-to-day reality?

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