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Number of low income households on the rise


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31 Jan 2014

The number of households on inadequate income has risen by a fifth in three years according to new research by the Joseph Rowntree Foundation (JRF).

The charity says that cuts to benefits and tax credits and the rising costs of essential are to blame for the increase.

Their latest figures show the number of households living below an acceptable standard has increased by 900,000 since 2008/2009. 67% of single parents with between one and four children were thought to be falling short of the standard in 2011/2012....

Over half of UK parents setting a household budget for 2014


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15 Jan 2014

Over half (56%) of parents will set a household budget for 2014 according to the family finance index from M&S Bank.

The survey also found that money tops the “worry list” for nearly half of parents in the UK, with four in 10 (39%) concerned about not having enough to cope with any unexpected expenses.

19% of parents also said they were planning to review their finances as part of their new year’s resolutions, an increase from just 13% in 2013....

Skiving school children cost UK parents £3.7m in fines


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6 Jan 2014

A record 10,185 UK parents were found guilty of truancy in 2012, with nearly 6,500 receiving fines Ministry of Justice figures showed.

The figures represent a 36% increase over the last four years.

In total skiving school children cost their parents £3.7million in fines in 2012 – that’s £20,000 per day in punishment. ...

New projects announced to help separated parents


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16 Dec 2013

The government has announced ten new pioneering projects chosen to help separated couples resolve long-standing grievances, and work out financial and parenting arrangements that are in the best interests of their children. 

Worth 3.4m, the projects will test new ways for separated parents to overcome their differences, as part of an overall £10m investment through the Innovation Fund....

Cost of energy hits family budgets, says ONS


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13 Dec 2013

The increased cost of energy has helped make housing the most expensive part of the family budget, according to new figures.

The Office for National Statistics (ONS) said housing expenses overtook transport as the biggest part of household spending in 2012.

Housing includes rent, fuel, electricity and maintenance, but excludes mortgages....