Reprieve granted to debt advisers

Hundreds of specialist debt advisers facing redundancy have won a reprieve after the government found £27m to continue the service for a year.

For the past five years, the £27m-a-year Financial Inclusion Fund has been paying for about 500 specialists in England and Wales to give free advice. Last month, the government said it would axe the fund, and advisers were given redundancy notices. Labour described the announcement of temporary funding as a u-turn.

Regaining control

Funding for the advisers, who help 100,000 people with complex cases every year, was expected to run out in March. The decision not to renew the fund led campaigners to express fears that there was a danger that a serious gap could.....Read More Here


Previous Blog Post about the above:
Debt advisors stop taking cases as funding ends