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The Joseph Rowntree Foundation @jrf_uk poverty report out today makes grim reading, millions'd need to DOUBLE incomes to escape poverty & over 14m in the UK fit its poverty defintion:- jrf.org.uk/uk-poverty-2024-t… It asked me in advance for a comment in its press release, I added "I warned at the start of the energy crisis that I was out of tools to help many on the lowest incomes. "Now we have hit the stark reality that 100,000s of people in the UK, even after they've had professional help from money charities, are still deficit budgeting – so their income is less than their minimum necessary expenditure. Definitions of poverty are tricky, especially when based on relative incomes, but that smells like a clear indication the problem is getting worse. "And let's be plain, once people are in the deepest mire, it's not a Money Saving Expert you need, it's policymakers and regulators to sit up take note and address these deep-rooted problems – which is exactly what I hope they do with this Joseph Rowntree Foundation report highlighting the situation and calling for change."

How to get £1,000s free towards your first home: Lifetime ISAs v Help to Buy ISAs (& will Chancellor lift the £450,000 property cap) Please share with anyone under 40 who's not bought a home. Watch back the full @itvMLshow on ITVX: itv.com/watch/the-martin-lew…

This is important for anyone under the age of 40 who's never owned a house to see. Including if you already have a Lifetime ISA or Help to Buy ISA.

Pls share. The new PPI? HUGE announcement from @theFCA this morning that has gone totally under the radar. It may mean a pay-out for millions who bought a car/van on Motor Finance before 2021. I’ve done back of the envelope numbers and at the top end this could be PPI type scale (that was £40bn), big enough to be a form of Quantitative easing (so real consequences for the next govt as it’ll likely take a year). It is to look at the handling of complaints about commissions when people got motor finance (pre 2021). Two big Ombudsman cases revealed today indicate that firms are falsely rejecting complaints and the FCA is now to do a full review of complaint handling. The FCA wouldn’t do this unless it was likely to find they were doing it wrong. So my suspicion is when it finishes its investigation it will (in order of likelihood) set up either a) A redress scheme where it orders all the firms to pay redress to every effected customer even if they've not complained. b) Redress rules where it orders them to pay out redress based on a set formula, to those that complain The pay out would be either the interest on loans (which is big), the commission (which is big), or the whole loan (which is huge). We're possibly talking thousands back for many. Clearly this means getting complaints in if you were mis-sold is going to be crucial especially if they choose scheme b) and there is a cut off involved. It should be noted part of the announcement is the FCA has put a freeze on firms handling complaints for now, so if you complain now they don’t have to do anything, but my provisional thoughts are it is worth people who think they’ve been mis-sold getting in a complaint now as a marker. So my team and I will be working on a full guide on how to do that which we’ll have out in the next couple of weeks to talk you through this step-by-step. Please watch this space and share with people who may have been impacted.

Pls share. Many are worried after reports that Etsy, eBay, Vinted etc will start automatically passing sales info to HM Revenue. To set your mind at rest, best to read our full guide at moneysavingexpert.com/news/2…, but in brief 1. There is no new tax 2. Unless you're 'trading' selling your old stuff isn't taxed 3. Only sales over c£1,700 or more than 30 items a year are reported

What the Chancellor’s Autumn Statement really means for you: my briefing on wages, benefits, pensions, ISAs, housing, national insurance and more