The Budget - what effect will it have on debt levels? | Debt Advice Foundation

The Budget – what effect will it have on debt levels?

Amidst the welter of early commentary on the Budget, two views have shed some light on how debt levels are likely to be affected by the new announcements. 

The Chief Executive of the Joseph Rowntree Foundation, Julia Unwin, said that the Budget had "failed the anti-poverty test", with little to help struggling families.

Meanwhile, the website MoneySavingExpert.com set out the first details of the "help to buy" scheme announced by the Chancellor, commenting on its likely effect on house prices – along with some of the risks.

Amidst the welter of early commentary on the Budget, two views have shed some light on how debt levels are likely to be affected by the new announcements. 

The Chief Executive of the Joseph Rowntree Foundation, Julia Unwin, said that the Budget had "failed the anti-poverty test", with little to help struggling families.

Meanwhile, the website MoneySavingExpert.com set out the first details of the "help to buy" scheme announced by the Chancellor, commenting on its likely effect on house prices – along with some of the risks.

For the Joseph Rowntree Foundation statement, go to  http://www.jrf.org.uk/media-centre/budget-failed-anti-poverty-test

For MoneySavingExpert, go to http://www.moneysavingexpert.com/news/mortgages/2013/03/budget-2013-new-buy-mortgages

 

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