The Big Issue

BUDGETING: HOW TO STAY OUT OF DEBT

Low-income families are facing a “perfect storm” when energy prices rise, furlough ends and Universal Credit is reduced later this year, charities have warned.

Organisations voiced their concerns when energy regulator Ofgem announced the price cap would rise by £139, from £1,138 to £1,277, from October 1. This follows the furlough scheme and Universal Credit £20 uplift both ending on September 30.

We’ve spoken to experts about what to do if you’re facing debt and how to budget.

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