cost of living

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National Insurance hike is ‘very progressive’, argues Treasury minister
National Insurance rise is a ‘very progressive’ tax, argues Treasury minister

The Chief Secretary to the Treasury has described the upcoming National Insurance hike as “very progressive” during this morning’s broadcast round. Simon Clarke told Sky News that the “enormous” NHS backlog following the pandemic meant that the rise in National Insurance contributions is a “responsible” decision. He later told the BBC: “It’s really important to… Read more »

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Single-parent families twice as likely to seek debt help as cost of living crisis worsens
1 in 4 seeking debt help are single families, says Citizens Advice

Analysis released today by Citizens Advice shows the struggle that many people, particularly single-parent families, have with debt as the cost of living crisis begins to bite. Citizens Advice’s figures show that around 280,000 people in England and Wales sought one-to-one help with debt in 2021, with many more using its website. Of those, almost… Read more »