Financial Inclusion Fund Cut Put Back 1 Year
The Financial Inclusion Fund (FIF) which was set to be scrapped under the new budget reforms has been thrown a lifeline by the Government u-turn taken earlier this week.
It was believed that the Financial Inclusion Fund which is around £27 million pounds a year was to be cut from the budget completely, however the Government has been forced to reconsider it’s decision after the backlash from local CAB.
In Birmingham it was understood that all 5 CAB Offices would be closing but it now seems that they will stay open as Citizens Advice will receive two thirds of the fund, with the remaining going to independent debt advice services across England and Wales.
Debt Support Trust is a registered debt advice charity (SC041902) providing debt advice on a range of debt solutions including;