In today’s bulletin:
General update
Personal insolvency statistics
DRO eligibility assessments
Fair Value Assessments
Training
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General update
Attention is already focusing on Winter fuel prices ahead of rises in the next quarter. For a household with typical gas and electricity consumption, and paying by direct debit, an annual bill will rise to £1,717 from October 2024, an increase of £149 compared with now.
Ofgem has announced that its energy price cap will rise to £1,717 from 1st October 2024, an increase of 9.5% on June’s level.
After more than 2 years of inflated energy costs, StepChange is concerned that many households are still struggling to afford their bills and repay energy debt, despite prices falling in recent months.
What does this mean for debt advisers supervising managed debt solutions like a DMP? Having more dynamic budgeting tools seems like a requirement as we look at the volatility of income & expenditure over the co...
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