Save the Children say “Don’t let children pay the price for the UK’s debt crisis”

Join Save the Children in calling for the government, banks and high-interest lenders to do to help families that are not allowed access to mainstream credit.

Research by Save the Children has discovered that 55% of families earning under £12,000 a year will have to use high interest lenders to get through the winter.

Show your support by texting DEBT to 84880 or sign the petition from Save the Children.

Attempts to eliminate child poverty in the UK have concentrated on improving the lives of low-income families by the use of tax credits and benefits.

Save the Children believes it is not acceptable that families in poverty are made to use high interest lenders to help them through hard times, putting money that should be benefiting children into the pockets of catalogue companies, door-step lenders and loan sharks.

Save the Children are asking the government to:

  1. Reform the Social Fund, so that it has sufficient cash to help families who need grants and affordable loans in times of crisis.
  2. Demand the banks do more to assist low-income families such, as boosting the credit union network, so that it has enough money to lend to struggling families at reasonable rates of interest
  3. Back a voluntary code of practice for high-interest lenders, to make sure they advertise their products clearly so that customers are fully aware of the financial commitments they are making.

Show your support. Text DEBT to 84880 or sign our petition.

Find out more about the work of Save the Children to tackle UK poverty.

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Les Bonner

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