Families in the UK are about to see the worst cost of living crisis for 30 years. For many the money going out is about to soar, compared to that coming into households.

The outlook seems bleak, with inflation increases at 5.4% and predicted to be at 6% or more in April. With the rise in National Insurance by 1.25%, the removal of the £20 Universal Credit uplift, rent increases and the energy price rises, people on the lowest incomes will be hit the hardest.

This was echoed in our funded partners workshop which we held in February, where we discussed the impending impact of the crisis looming. This is why it’s more important than ever that we support our customers with affordable debt repayment plans and long-term solutions. There’s more information and how to apply for one of our tariffs.