Tag: credit

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Barclays continues to wreck credit rating with mortgage claims

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Three weeks ago I featured the case of CS from Norwich whose credit score had been trashed after Barclays falsely claimed he and his wife had not paid their mortgage on time for 11 months. As a result the couple had a...

Tory peers to make last-ditch effort to reverse universal credit cut

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Conservative peers will launch a last-ditch attempt to force the government to reverse the £20 a week universal credit cut on the eve of Rishi Sunak’s budget next week. Philippa Stroud will table an amendment to the s...

Consultation launched on regulating UK’s buy now, pay later credit industry

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Tighter regulation of the buy now, pay later credit industry is on the way, though the government has concluded there is “relatively limited evidence” of widespread consumer harm. The comment, in a new document from t...

Credit Suisse fined £350m over Mozambique ‘tuna bonds’ loan scandal

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Credit Suisse has been fined nearly £350m by global regulators, pleaded guilty to wire fraud, and agreed to forgive hundreds of millions of dollars worth of debt owed by Mozambique in an attempt to draw a line under t...

‘Choice between using shower or oven’: harsh realities of universal credit cut

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More than 800,000 people risk being pushed into poverty as a result of a cut to universal credit coming into effect on Wednesday, while 100,000 renters in England will be in danger of eviction. The Resolution Foundati...

The Tory ‘emergency fund’ is an admission that universal credit shouldn’t be cut

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Working in frontline NHS mental health services during the darkest days of the pandemic, I often encountered people in crisis who did not know where their next meal was coming from. Fortunately during that period, I w...

The universal credit cut is the end point of years of ‘welfare’ cruelty

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Here it comes. This Wednesday, the Department for Work and Pensions will finally end the £20-a-week “uplift” to universal credit introduced in March 2020. The cut will hit different households at different times, but ...

Thursday briefing: Renters at risk from cut to universal credit

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Hello, I’m Warren Murray and it’s my pleasure to bring you the news this morning. At least 100,000 renting households in England will be placed at risk of eviction when the government’s planned £20-a-week cut to univ...

100,000 renters in England ‘risk eviction’ when universal credit is cut

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At least 100,000 renting households will be placed at risk of eviction when the government’s planned £20-a-week cut to universal credit comes into effect next week, the housing charity Crisis has warned. The proportio...

Marcus Rashford calls for universal credit cut to be axed

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Marcus Rashford has urged the government to abandon its plan to cut the universal credit uplift within days and demanded ministers tackle what he called a “child hunger pandemic”. The England and Manchester United foo...

Universal credit cut will lead to more UK children in care – study

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About 1,500 additional UK children a year would be removed from their families and taken into care as a result of the explosion in child poverty caused by the removal of the £20-a-week universal credit uplift, a study...

Johnson refuses to say if he could live on basic universal credit pay

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Boris Johnson has defended the government’s plans to cut universal credit while refusing to say whether he could live on the basic payment it provides of £118 a week. Questioned by reporters during his trip to the US ...

Ministers consider plan to ease £20-a-week universal credit cut

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Ministers are examining a £1bn-a-year increase in benefit payments to cushion the impact of the imminent £6bn-a-year cut in universal credit. After growing pressure to reverse the £20-a-week cut, the Treasury is looki...

The universal credit cut is outrageous, but this callousness is nothing new

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Next month, universal credit will be cut back by £20 to its pre-pandemic level. A policy that will – by the admission of the government’s own internal analysis – likely cause “catastrophic” suffering, pushing 800,000 ...

Tell us: how will you be affected by the cut to Universal Credit?

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Boris Johnson has been warned that more than 800,000 people risk being plunged into poverty as a result of an imminent cut to Universal Credit. Chancellor Rishi Sunak is expected to end the £20-a-week increase of Univ...

No 10 confirms imminent cabinet reshuffle; Starmer attacks Johnson at PMQs over universal credit cuts – live

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Latest updates: cabinet overhaul due to take place this afternoon after prime minister takes questions in Commons

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