Universal Credit payments dubbed
The 46 percent of clients who said their income had fallen since Marchi detailed they had been made unemployed or redundant, with a further 26 percent saying they had been furloughed, with the following case study highlighting the difficulty of the situation: “I was furloughed with full pay for two months, then furloughed for two months at 80 percent pay, then made redundant…I have now been left unable to pay my monthly bills, that I was comfortably able to pay before.”
Given the economic hardship, people are facing, StepChange Debt Charity is calling on the government, regulators and creditors to recognise the long-term nature of the interventions that will be needed to help individuals, as well as the wider economy, to recover from the debt legacy of the pandemic.
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