
Fair By Design
@FairByDesign
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Ending the #PovertyPremium: the extra costs people on low incomes pay for essential products & services.
United Kingdom
Joined September 2017
We want consumers on low incomes to be able to access affordable credit and be protected from harm. To achieve this, we need to include people with lived experience in the design of regulation. @TheFCA.
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We also strongly support the ambition to make sure that consumers:. ✅Are able to understand the potential risks of BNPL.✅Can borrow sustainably and affordably.✅Are given appropriate support if they are in financial difficulty. @TheFCA.
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Great to see @TheFCA's consultation on BNPL out today. We welcome the intention to ensure that consumers are given information that equips them to understand their rights and protections. #FinancialInclusion.
We've long called for Buy Now Pay Later (BNPL) products to be brought into our remit, so people can benefit while being protected. #HelpingConsumers #BNPL #FinancialRegulation.
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RT @FBfACampaign: Yesterday in Westminster @katrinamurray71 & other MPs highlighted the vital role of #CreditUnions. Thank you to @CliveJo….
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Our Director Rebecca Deegan writes on @Insurance_Post today:. People who pay for car insurance monthly are too often charged more than it costs an insurer to service this method of payment. Decisive action has been too slow. @TheFCA @The_ABI_UK.
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RT @TheFinanceLab: People on low incomes often pay more to borrow. Without affordable credit, many turn to high-cost lenders & spiral into….
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It is essential that @hmtreasury keeps the @TheFCA have regard" to financial inclusion” so that consumer protection remains an important cornerstone of growth.
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This morning the Chancellor unveiled the new Financial Services Growth and Competitiveness Strategy. It reiterates the @hmtreasury's plan to review regulators' 'have regards'.
Today, I have placed financial services at the heart of the government’s growth mission. Britain cannot succeed and meet its growth ambitions without a financial services sector that is fighting fit and thriving.
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The benefits of the transition to net zero must be felt by all consumers, especially those on low incomes. Listen to @mariacbooker call on @ofgem to update their distributional impact analysis at the @CommonsESNZ .
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“That creates a poverty premium where people are having to pay higher prices, sometimes for basic goods”. Really good to see @Meg_HillierMP mention the poverty premium as part of the @CommonsTreasury scrutiny of the Government’s financial inclusion strategy.
Treasury committee hears how poverty premium leaves Glasgow's poorest paying more. Exclusive by @andrewlearmonth.
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Yesterday, our Head of Policy, @mariacbooker, gave oral evidence to the @CommonsESNZ inquiry on 'Building support for the energy transition.'. 🎥 Watch Maria's contributions to the session here ⬇️.
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We’ve supported calls not to cut disability benefits and the Government listened. The Universal Credit and PIP Bill passed with amendments. While some cuts were cancelled, others remain, hitting people already in poverty, including those paying a poverty premium for essentials.
🚨 The government's Universal Credit (UC) and PIP bill was passed yesterday evening. Plans to cut disability benefits are still going forward. However, cuts to PIP will be removed. But it still includes measures that will rip thousands of pounds in support from disabled people.
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Watch today at 3pm 📺📺📺. Our Head of Policy @mariacbooker will be giving evidence as part of the inquiry into Building support for the energy transition.
This afternoon at 3pm we're exploring how the costs and benefits of the clean energy transition are understood and communicated to households and businesses across the UK. Find out more:
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RT @scope: Life costs more for disabled people. And the costs are rising 📈. In 2025, disabled households would need an extra £1,095 per mon….
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RT @WhichUK: Drivers are saving up to £200 just by haggling with their insurer. Our new survey shows the scale of savings and asks why fair….
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