Media comment: Spring Statement 2022

Published on:

Caroline Siarkiewicz, Chief Executive of the Money and Pensions Service 

“Many people watching today’s Spring Statement might be worried about managing their money in these uncertain times. Our research shows more than one in three admit to feeling worried when thinking about money matters, and nearly half admit they don’t feel confident in managing their money day to day.

“If you have these concerns, you’re not alone. Free help is available — and taking small steps now can make a difference. MoneyHelper has launched a new guide to Living on a Squeezed IncomeOpens in a new window which can help people make the most of the income they have available — from budgeting and ways to save on household bills, through to extra support for those who are working, or dealing with money and mental health if things are getting too much.

“If you’re finding it hard to keep track of the different payments you have each month and are worried you may fall behind, MoneyHelper’s new Bill PrioritiserOpens in a new window tool can help. It sorts your bills into priority and non-priority payments so you know which bills to pay first, and what extra support might be available.

“This could include specific help from creditors such as affordable payment plans or payment holidays, lower-cost tariffs, benefits that may be available, schemes that support people with certain needs because of illness or disability, and where to look for grants or charitable help.

“Whether you need help with managing bills, making the most of the money you have or may be entitled to, or sorting your pension, you can find out how to find your way forward on the MoneyHelperOpens in a new window website.”

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