Coping with ‘income shock’

Apr 11, 2020 · 28m 36s
Coping with ‘income shock’
Description

Millions of people are still facing huge financial pressure despite government measures to help them deal with the fallout from coronavirus. Some estimates show that up to half of the...

show more
Millions of people are still facing huge financial pressure despite government measures to help them deal with the fallout from coronavirus.

Some estimates show that up to half of the 5m people who are self employed won’t be helped by the support package that the government has announced. Many thousands more, who are employees, are not eligible for the job retention furlough arrangements.

Unsurprisingly the benefits system has seen an unprecedented number of new applications for Universal credit. We’re hearing of a back log of many weeks as the Department for Work and Pensions tries to work through more than a million new cases.

So if you are one of the millions of people affected by a huge and sudden loss in income, what can you do to survive?

Paul Lewis and guests discuss their top tips for surviving financial shock.

Joining Paul are:

- Nick Hill - money expert, Money And Pensions Service
- Laura Peters - from Mental Health and Money Advice
- Anna Stevenson - welfare benefit expert at charity Turn2us

Producer: Alex Lewis
Editor: Emma Rippon
show less
Information
Author BBC
Organization BBC
Website -
Tags
-

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Podcast Cover

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search