Phil Andrew, CEO, StepChange Debt Charity, with warnings that more help from government will be needed for those on low incomes, as the cost of living is now the number one reason for new StepChange clients’ debts.
The burden of spiralling inflation is weighing heavier on household finances with each passing month – the cost of living is now the number one reason for new StepChange clients’ debts. The next Prime Minister’s first priority upon entering office next month must be to ensure that those on the lowest incomes are thrown a lifeline to cope with these rising costs.
Bringing the uprating of benefits forward from April 2023 to September would be a welcome way to begin to support the most financially vulnerable, as would bringing in a new targeted financial package that matches the scale of the projected October price cap rise. We would also like to see a commitment to pausing unaffordable government debt deductions, which are already a cause of major hardship.
StepChange responds to new inflation data
✉️ 0207 391 4598 / press@stepchange.org
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