Day off: “I can’t afford to lose my job”

After working full time for the past 27 years, the layoffs were a shock.
He was first taken out, after which he was told that his last job at the garden center and restaurant was no longer available.
I am very worried. “I can’t lose my job. “”
Her determination to return to work meant spending as much time as possible applying for jobs and sending letters to employers.

Instead, he has to spend hours on the phone arranging a hold or “interruption” of payments on his Barclaycard credit card.
Paying £ 200 a month is his only debt, he said, but it took many disappointing calls to set up a gap in pay while he was looking for work.
“I was mad at them but they have been very good the last few days – they froze the account and made sure I was okay,” he said.

Coast Guard
With 85% of adults in the UK having at least one loan, paid holidays are an important protection for people whose finances have been hit hard by the coronavirus crisis.
A sudden drop in income while at work or after a layoff has an immediate and unexpected impact on their ability to pay bills.
According to UK Finance, which represents banks and other lenders, around 2.5 million people have taken mortgage leave since the pandemic began. There are still about 162,000 mortgage deferrals.
On top of that there are two million deferred credit card payments and personal loans. There are still 97,300 credit card agreements and 64,400 for personal loans.
Covid: what is universal credit – and what other benefits are available?
How to save money working from home this winter
The city’s regulatory agency, the Financial Conduct Authority (FCA), expects large numbers of people to continue to need help.
His research shows that 12 million people in the UK are experiencing financial losses – meaning they are struggling to pay bills or pay back loans.
Approximately 31% of respondents saw a decrease in income after the pandemic outbreak, with households typically accounting for a quarter of income.
Those of black color and ethnic minorities were more likely to be affected, 37% receiving income.
People between the ages of 25 and 34 are more likely to change jobs because of the pandemic.

The paid vacation proved to be a savior for Garrett, whose finances would be “screwed up” without him. A month before the castle, she and her fiancé bought their “home for life.”
“Our household income fell by 85% overnight, and without our mortgage payments and using our marriage savings, we would not be able to pay our bills or our meals. Everything was very tight,” he said.
Coronavirus is holding back plans to get married next year. Now they are pregnant too.
“We managed to pay off our installments after three months of vacation. It’s good that we’re fine, we’re still busy and we still have a house. But our life has changed, ”he said.
“The house we bought needed work, we didn’t have a functioning bathroom. It was tiring and tiring, but we were able to survive.”
Not everyone gets the same life line as him.

More than 30% of those surveyed by Turn2Us, a charity that helps people experiencing financial hardship, said they were unaware of the salary disruption. A similar section says that late payment of rent or mortgage is not available to them.
For those left with little room to breathe the bill, the holidays will change from late October.
The current holiday – usually three months – lasts until its expiration date. All new holiday payments agreed from the end of October may be subject to additional conditions.
It is important that the late repayment of the loan is recorded in the borrower’s loan records.
This could affect their ability to borrow money in the future – not only for large loans such as a mortgage, but also for loan agreements such as cell phone contracts.
What help is there?
Creditors and utilities emphasize that support continues to be available while regulators have established rules and guidelines to ensure people are treated fairly. They include:
Mortgages: Businesses need to reach those who are still struggling to pay and offer to help meet their needs. This can be a short term paid vacation or a long term payment plan. You need to identify the vulnerable and help them find free, independent debt counseling. Withdrawal hearings could resume in early November, but not for those detained. Regulators say this is a last resort
Loans and Short Term Loans: As with mortgages, lenders need to be flexible in ensuring they support people who are having problems and identify those at risk. Those who have been included in the payment plan should not see their debt grow out of control. Therefore, interest, fees, and charges should be reduced if necessary
Rent: As during a blockade, tenants who are struggling to pay their rent will need to talk to their landlord to come up with a payment plan. However, the eviction cases will be retried in court (with some caveats) and people should not be asked to leave at Christmas. Bailiffs are not allowed to enter the houses in the Level 2 and 3 areas
Energy costs: Prepaid metered users who are unable to charge will find it helpful, most likely because they are self-isolating and unable to reach stores. A “realistic and sustainable repayment plan” is offered to any gas and electricity customer who has difficulty paying. So far, the agreement has been voluntary with the supplier, but will be required by law from December 15.
Insurance: Customers who have paid for vacations or are experiencing financial problems can reassess policy risks for cheaper or longer payment periods or reduced or cancellation of fees if they contact their insurance company instead of their insurance company
Car Financing: Lenders are urged to offer assistance in relation to the coronavirus situation. Depending on your circumstances, it is possible that you will negotiate a lower payment or that you will be charged less interest. If there are no realistic repayment options, the lender can return the car
Council Tax: The Council has a Hardship Fund designed to reduce payments for those who find it difficult to pay.
Citizens Advice is concerned that new, stricter restrictions in parts of the UK, including different systems in the UK, will leave people vulnerable.
“When I worry about a perfect storm where people who are already struggling to survive financially will really suffer,”
During the holidays, your small room can breathe financially and spiritually.
“My father tries to support me, but his health is fragile, so I’m worried about him,” she said.
Like many families, their physical and financial health can be a problem for a while.

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How does the kickstart scheme work? 10 key questions are answered under the long-awaited £ 2 billion plan to get young people to work

This week the government finally announced details of the Kickstart program after Chancellor Rishi Sunak promised to provide more information in August.

Back in July, in a speech about mini budgets, he announced that he would start a Kickstart program to bring young people at Universal Credit who had lost their jobs and opportunities due to the coronavirus back to work.

With the launch of Kickstart this week, we finally have more details on how employers – large and small – can apply, and some SMEs are disappointed with the results.

Some have even described it as “complicated” and “frustrating” for young people, especially as those in similar industries have to get together to apply for the program, as we explain below.

You can also find more information on how people aged 16 to 24 can apply for this role.

Here are the top 10 questions and answers to help you speed up Kickstart and how it works …

  1. What is the Kickstart Scheme?
    The government describes the program as “an innovative way to help young people in the workplace and promote the UK’s economic recovery”. It was officially released on Wednesday.

The system is subsidized by the government, which pays 100% of the age-appropriate national minimum wage, social security and pension contributions, on the condition that young people aged 16 to 24 are provided quality work with at least 25 hours per week.

  1. Why is there a start delay and where can I find out more?

This is not clear. The Chancellor announced in July that we will find out more about the program in August. But the information wasn’t revealed until this week.

Companies can now sign up to be part of the initial £ 2 billion and get more guidance here.

Young people who wish to participate can find out more here.

  1. Can employers pay more if they want?

Employers can supplement this salary if they wish, but it is provided from their own resources.

However, if they need more funding for support, training, uniforms, setup fees and equipment, the government pays employers £ 1,500 for each Kickstart accommodation.

  1. Why is the government so focused on youth unemployment?

The government says youth are more likely to be promoted because many are working in sectors that have been disproportionately affected by the pandemic.

Government figures now show that a record 538,000 under 25 say UC is blocked.

Kickstart jobs are designed to enhance their skills in the workplace and help them gain experience to increase their chances of finding long-term employment.

Chancellor Rishi Sunak said: “This is not just about improving our country’s economy – it is an opportunity to start the careers of thousands of young people who may be left behind as a result of the pandemic.

“This program will open the door to a better future for new generations and ensure that Britain returns stronger as a country.”

  1. I’ve heard that people like Tesco are committed to offering start-up jobs – how can my small business survive?

While Tesco is involved, the government ensures that companies of all sizes can apply and want to create quality jobs for young people.

Companies with more than 30 people can bid directly online via the Kickstart homepage.

However, there is one additional obstacle that SMEs have to face. If an SME has less than 30 employees, they will need to collaborate with other SMEs to form groups of 30 roles.

In practice, small businesses need to take part in the “Tinder for SMEs” exercise before they can register for the Kickstart program.

A DWP spokesperson said: “They [small businesses] can still apply for funding, but they have to work with other companies or organizations to create at least 30 jobs before they can apply.

“This can include similar employers, local government agencies, trade authorities, chambers of commerce and charities. If you need help finding a representative or other employer, contact your local employment center.

“Through our partner team, we have tailor-made contracts for partnerships with employers who work from our work centers.

“They will help connect employers with fewer vacancies with other people or representatives.”

However, it has frustrated some SMEs with registering to be part of this system.

Some have argued that the process is leaning towards larger companies with a simpler application process (see SMB’s response to the Kickstart program).

However, DWP believes that this is not a competitive process. It read: “This is the most effective process for us to accommodate young people quickly. Evaluating separate bids for each vacancy will slow us down.”

  1. Why can’t the company advertise the role and find their ideal candidate?

It wasn’t clear at first, as so many companies started promoting Kickstart’s role on online platforms like LinkedIn and Totaljobs.

But last month DWP warned companies not to promote the role after “It’s the Money” introduced the list.

DWP said: “Young people will be directed to new roles through their job coach Jobcentre Plus. The first kickstart is expected to start in early November.”

The company still needs to provide a job description. DWP said, “Once the application is approved, we will need a detailed job description to ensure we identify the right young person for the position.”

  1. How long will it take to kickstart?

It is supplied by DWP and is initially open until December 2021 with a possible extension.

  1. How much will the government pay for the administration?

DWP said, “We will provide a representative agency of £ 300 for each person starting Kickstart to help cover administrative costs.”

  1. Is the number of initial jobs limited?

Not. Secretary of State for Labor and Pensions, Theresa Coffey, said: “As we launch the £ 2 billion Kickstart program and put young people at the center of our revival, we are calling on companies to join in and participate in this innovative program to take advantage of this enormous system. . “Potential there.

“There is no limit to the number of opportunities we will open through Kickstart, and we will fund each of them as part of our work plan to create, support and protect jobs over a six month period.

  1. Has the government introduced anything like this before?

The Labor government introduced a similar system more than a decade ago.

The Future Jobs Fund was launched in October 2009 to support subsidized job creation for unemployed youth. It is aimed at ages 18 to 24 who receive job seekers’ benefits.

Managed by DWP in collaboration with the City Ministry and Local Government.

Jonathan Reynolds, the DWP shadow secretary, stormed the Kickstart administration and said it was disappointing to young people.

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