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Waitrose, M&S and the Post Office back Telegraph campaign to save cash More than 20 brands commit to accepting notes and coins in all their stores indefinitely Thousands of shops, restaurants and pubs have stopped accepting cash in the past 18 months Britain’s best-loved retailers have backed Telegraph Money’s new Keep Cash campaign, which aims to secure the future of physical currency. Thousands of shops, restaurants and pubs have stopped accepting cash in the past 18 months, citing Covid concerns. This has left older and vulnerable people, who are more likely to use notes and coins, at risk of being excluded. Young people also use physical money to help them budget effectively. ....
MPs urge stranded assets to fund financial education By Jean-Baptiste Andrieux 28 th May 2021 12:23 pm Nearly 40 MPs and peers have signed a joint statement calling for financial education for every primary school aged child. This call comes as financial education charities expressed concern about rumoured spending cuts to financial education in the Money and Pensions Service’s (Maps) upcoming budget. Parliamentarians hope money can be found from unclaimed assets set to be released from the financial services sector by the Dormant Assets Bill. Where this is not possible, the money is put into important social and environmental initiatives across the UK. ....
Martin Lewis warning on Universal Credit flaw affecting 1.3 million claimants Mr Lewis s charity Money and Mental Health Policy Institute wants urgent action to fix problems 11:12, 27 MAY 2021 Updated The video will auto-play soon8Cancel Play now Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice Martin Lewis has issued an urgent warning over Universal Credit flaws. He says an estimated 1.3 million people experiencing high levels of mental distress are struggling with the benefits process. ....
Universal Credit flaws stopping vulnerable people getting help, says charity 26/05/2021, 12:07 am An estimated 1.3m people experiencing high levels of mental distress receive or are applying for Universal Credit, according to the Money and Mental Health Policy Institute (Joe Giddens/PA) An estimated 1.3 million people experiencing high levels of mental distress receive or are applying for Universal Credit, according to a charity. The Money and Mental Health Policy Institute, which was founded by consumer champion Martin Lewis, released the figure as it called for urgent action to fix “design flaws” in the Universal Credit system. It warned that hundreds of thousands of vulnerable people may struggle to get support to effectively manage their Universal Credit accounts. ....