Britons will have to wait several weeks before the Government reveals further support to combat soaring inflation, amid fresh questions over the whereabouts of Boris Johnson.
17.07.2022 - 16:39 / dailyrecord.co.uk
This week almost one in four families across Scotland, England, Wales and Northern Ireland received £326 directly to their bank account as the first part of a cost of living support package. The package will be split into parts, however for some it may not go far enough.
Inflation expected to rise to 11 percent in the autumn, and with skyrocketing energy bills millions could find themselves facing financial hardship. Those looking for further support may receive some from their bank or building society.
Consumer specialists at Which? have looked into cost of living support options offered by leading banks in the UK. They found that most banks offer help for those struggling during the current cost of living surge, with most stating that they plan to ramp up their guidance and support services.
Read on to see what your bank offers.
The NatWest group has released a Cost of Living Hub where customers can find a range of online tools and guidance that may help alleviate some of the pressures caused by current inflation. Using the hub, customers can also book a video call with a personal banker who could provide money and budgeting guidance.
For those who are struggling to pay bills they have encouraged customers go get in touch, using the keyword 'struggling financially' should direct you towards their support services.
Lloyds Banking Group have not introduced any new measures, however they continue to provide support for customers who are struggling. Those who are in persistent debt, or continue to dip into their overdraft receive regular advice on how to save money.
They also say that users can use their banking apps to set contactless limits on cards and to cancel subscriptions without having to contact the individual
Britons will have to wait several weeks before the Government reveals further support to combat soaring inflation, amid fresh questions over the whereabouts of Boris Johnson.
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