Wandsworth Council has agreed to enter into partnership with
a credit union to help its residents cope with Universal Credit. The flagship Conservative council is
exploring the possibility of offering new financial services - including 'jam
jar' type accounts - to help people manage their budgets under the new benefits
system. The council believes providing
financial support services could help many claimants adjust to the changes –
and prevent them turning to loan sharks or payday loan companies should they
struggle to adapt to the new system.
Read more on the Wandsworth Council website.
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