Connect with us
Advertisement
Advertisement

News

Welsh families risk ‘nasty hangover’ of Christmas debt

Published

on

screen-shot-2017-01-05-at-16-32-58MORE than four in 10 families in Wales (43%) plan to borrow money to cover the costs of Christmas this year, a survey by The Children’s Society has revealed.

The survey, which also found that – in England and Wales – one in 10 families borrowed over £500 for last year’s festivities, raises concerns about the number of families with children who may find themselves at risk of falling into a debt trap by New Year’s Day.

The costs of Christmas presents, food, drink, decorations, travel and other related activities see families spending an average of £700, according to the Opinium survey of 2,000 adults.

On average, parents spend £340 on presents alone, with one in five spending over £500 on gifts. To fund all these costs, almost on e in five (17%) will borrow on their credit cards this Christmas.

The challenges are even more sobering for families who have already found themselves in problem debt this year – more than half of them (54%) are planning to borrow more to cover the cost of Christmas, with almost a quarter counting on their credit card.

For families who are struggling, borrowing can have a number of unintended consequences. In the worst cases, where credit repayments take up a larger proportion of income, parents can find themselves in a debt trap from which it can be hard to escape.

The risk is that parents with children may find themselves cutting back on essentials to meet debt repayments. The survey shows that over half of families in problem debt in the last year cut down on their heating in the weeks after Christmas in an attempt to rebalance their finances after the festive period.

Problem debt can damage children’s physical and mental health. In September, The Children’s Society revealed that children in living in families with problem debt are five times more likely to have low well-being than those that are not.

Matthew Reed, Chief Executive at The Children’s Society, said: “All parents – particularly those who are struggling – need to be aware how difficult it can be to shake off Christmas debt. No-one wants children to miss out on the fun and excitement of Christmas, but neither would anyone wish parents to wake up on New Year’s Day with a nasty hangover of debt.

“We know the damage problem debt can cause to children, who often pay the price with their mental and physical health, and that’s why we’re calling on government to give families the time and space they need to get their finances back on track.”

The Children’s Society, as part of its Debt Trap campaign, is calling for better support for families with children who fall behind on bills and repayments. It is urging the government to introduce a 12-month ‘breathing space’ scheme to give struggling parents a period of protection to put their finances in order and get back on their feet.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Aberystwyth waste pilot launched

Published

on

AN innovative pilot scheme has been launched in North Parade, Aberystwyth to help promote positive waste behaviours in the town centre.

The initiative sees communal wheelie bins being delivered to the pilot area on the afternoon before the usual scheduled waste collections. The bins provide a means of containing the waste for the time between it being presented and being collected. Protecting the waste from attack by animals, including seagulls, will help keep the town centre’s streets clean.

The new approach will also help support more local residents, especially those living in properties where space to store waste is limited, to make full use of the weekly recycling and food waste collection services. Reducing the amount of recyclable waste that goes into black bags is not only better for the environment but it also helps ensure it is dealt with in the most efficient and cost-effective way possible.

The days and frequency of waste collections will remain the same with wheelie bins being provided each week for clear recycling bags and food waste and fortnightly for black bags. Waste should be presented in the correct wheelie bin by 8am on the day collection.

Once the waste is collected the wheelie bins are removed which avoids problems that would arise if they were left there permanently which includes causing unnecessary street clutter and obstructions as well as potentially being misused and attracting fly-tipping.

Councillor Dafydd Edwards, the Cabinet member responsible for Highways and Environmental Services, said: “I am fully supportive of this initiative. It is an example of the Council working in partnership with communities on resolving issues. I wish the initiative every success and look forward in the future, to further working closely with our communities on finding creative solutions to the issues we are all concerned about.”

The scheme started on August 6-7. If it proves to be successful, consideration will be given to extending the pilot to other areas where it may work. Consideration is also being given to other ways of further supporting positive waste behaviours in Aberystwyth and Ceredigion in general ahead of a new domestic waste collection system that will be introduced in 2019.

Continue Reading

News

Consultation on future of gas network for west Wales enters final week

Published

on

PEOPLE from west Wales are being urged to have their say as a public consultation on the future of the local gas network is set to close on Friday (Aug 17).

Wales & West Utilities look after the pipes that bring gas to homes and businesses across Wales and the south west of England. The company has received almost 20,000 responses to its consultation but is now urging as many people as possible to take two minutes to pipe up and shape its plans for the future. Everyone who completes the consultation will be entered into a weekly draw to win a £100 Amazon Gift Card.

The company is asking people to give their views on issues such as the gas emergency service, investment to keep the gas network safe and reliable and how it supports those most in need. It is also seeking views on preparing the gas network for a greener future, making sure it can continue to deliver essential services for generations to come.

Wales & West Utilities charge for their services through consumer gas bills. Currently, their services make up 20% of an annual gas bill – so for the average gas bill of £630, that’s £128 a year – or 35 pence per day.

Graham Edwards, Chief Executive at Wales & West Utilities, explains: “The pipes we look after are mostly underground and out of mind, but we provide an essential service in keeping people safe and warm in their homes and powering businesses. Now, as we plan for the future, we want as many people in West Wales as possible to have their say on the future of their gas network and the services we provide.”

“This consultation is about ensuring our customers’ views are heard so that we plan and work towards getting the balance right between investing to maintain and improve our services and preparing the gas network for the future, while keeping bills low.

“We understand the financial pressure households across the area are under and we remain committed to keeping our portion of the gas bill to a minimum – we have already reduced the cost of our services since 2013 from £145 to £128 today.

“We’re looking forward to hearing customer feedback from West Wales as this will play a vital role in shaping our business for the future.”

Wales & West Utilities also connects around 11,000 homes and businesses to the network each year. And, for customers in need of extra support, the company has a scheme offering low-cost gas connections and financial help for appliance repairs. There is also a priority register to make sure people in vulnerable situations are prioritised when things go wrong.

To have your say on the future of your gas network and the services Wales & West Utilities provides please go to PipeUpOnline.co.uk or Facebook.com/wwutilities and be in with a chance to win a £100 Amazon.co.uk Gift Card.

Continue Reading

News

Elin Jones welcomed to Gorsedd as ‘Elin Ceredigion’

Published

on

AT THIS year’s National Eisteddfod, held in Cardiff Bay, Elin Jones, AM for Ceredigion, was welcomed into the Gorsedd.

The ceremony of the Gorsedd of the Bards is an integral part of the National Eisteddfod, and honours people who have made a significant contribution to the Welsh language and to Wales. Upon being admitted to the Gorsedd, the member is able to choose their ‘Bardic name’. Elin Jones has chosen to be known as Elin Ceredigion.

Elin Jones said: “It’s an honour to be admitted to the Gorsedd at this year’s National Eisteddfod, and to be known there as Elin Ceredigion.

“This was a very different and diverse National Eisteddfod. People from all over Wales and from many different cultures were able to see the Welsh Language thriving.

“The National Eisteddfod is important in whichever part of Wales it may be held. In two years’ time, it will be in Tregaron in Ceredigion which will be equally as exciting and important an Eisteddfod.

“The Gorsedd will next meet in Ceredigion in July 2019 – to proclaim the 2020 Ceredigion Eisteddfod.”

Continue Reading

Popular This Week