The Victorian Workhouse was a brave attempt to introduce a safety net for those who were widowed or out of work. It was a great step forward but it had its darker side and was eventually abolished. Universal Credit was a brave attempt to bring together all forms of benefit payment to produce a manageable system that was clear and fair. It has proved to have its dark side and will have to be significantly amended, or abolished to allow a better replacement system. Hopefully this will not be as slow as replacement of the workhouse. BSD Ed
Rudd creates a financial rut for the UK’s poor in 2019
Catastrophic universal credit re-think
Delayed and less eligible: What does 2019 hold in store for a nation of financially deprived?
Work and pensions secretary Amber Rudd plans to scrap an imminent parliamentary vote that allows 3 million welfare claimants to be transferred onto the universal credit system. This move is part of a rethink that is designed to suppress concerns about the roll-out and to quell a detrimental Tory rebellion. The shift in the universal credit system has sparked from a stream of complaints from MPs, charities and campaigners regarding the impact of universal credit on claimants that are new to the benefits system. Now, Rudd will assess a pilot scheme, once approved by MPs, that is set to transfer 10,000 onto the new system which has been blamed for pushing credit crippled Brits to the brink. Then, Rudd will seek approval for the full roll-out from MPs.
Executive Chairman and founder of FairMoney Dr Roger Gewolb is perfectly positioned to discuss:
“Given that, the universal credit system is being delayed further for a nation of lower-income citizens, Brits need access to fast and fair finance to aid them – especially through months of hefty fuel bills this winter. There are 14 million living in poverty in the UK and a non-competitive loan market is not providing fair finance for those who desperately need it. Payday loan providers have their place in society for cash-strapped Brits, but most people have been abandoned by poor lending practices that stem from the financial crash of 2008. We’re a decade on – things need to have changed. Millions of people are being pushed to extortion at the hands of high-interest credit options – one of the biggest atrocities to affect UK society.”