Regeneration

A new study has looked into the extent of financial exclusion faced by social housing tenants. Kevin Gulliver reveals the findings

Financial exclusion was a growing concern before the credit crunch hit. In its aftermath, in the form of cuts to welfare benefits and local services like money advice, it is set to grow. Social housing tenants will be affected particularly severely since they make up a large part of those on low incomes and welfare benefits. They are also disproportionately dependent upon high-cost credit, including both legal and illegal aspects.

Businesses play a key role in local communities across the country, and it is vital that we allow them to prosper and grow in order to create new jobs in the private sector.