Looks like the end......... CAB & Financial Inclusion Fund

debt_doctor · 20 January 2011 at 9:07PM

Citizens Advice have been awaiting the outcome of the future of the Financial Inclusion Fund (FIF) a major project the funds specialist debt workers (including me) accross the country.

From Hansard yesterday (the official recording of parliamentary questions and answers) is the following.........

Financial Inclusion Fund

Harriett Baldwin: To ask the Chancellor of the Exchequer when he plans to make an announcement on the future of the Financial Inclusion Fund. [34671]
Mr Hoban: The Financial Inclusion Fund will close at the end of March this year. The Government will work closely with industry and other stakeholders to ensure that tackling financial exclusion remains a high priority.

This is loss of 486 specialist debt advisers across the country, the vast majority within Citizens Advice. 90% are Authorised Intermediaries for DRO's. FIF pays for so much of the CAB infastructure that I am certain that many bureaus will be forced to shut down entirely.

Not a good day for the not for profit sector.

DD

fermi · 20 January 2011 at 9:22PM

+ fatbelly's post here.

http://forums.moneysavingexpert.com/showthread.php?t=2995306

fatbelly · 20 January 2011 at 9:31PM

So that's a complete loss of funding then?

How do the two halves of that statement fit together?

The Financial Inclusion Fund will close at the end of March this year. The Government will work closely with industry and other stakeholders to ensure that tackling financial exclusion remains a high priority.

http://www.theyworkforyou.com/wrans/?id=2011-01-19a.34671.h&m=40654

BB&B · 20 January 2011 at 9:35PM

I think the first part may have been said by mistake!!

So they have unintentionally let the cat out of the bag.

Tim

debt_doctor · 20 January 2011 at 9:35PM

Short and not sweet isn't it. The last sentence I think is 'Con-dem' waffle.

Its an utter disaster. We have 8 full time fif caseworkers plus admin.

DD

ani_26 · 20 January 2011 at 9:52PM

Thats a great shame. Its all very sad.

My caseworker told me they were set to lose their job in the new year, all those months ago, with just the admin staying, and no qualified debt advisors. Without them, i would have been lost. Well, i would'nt be where i am now, for sure.

fatbelly · 20 January 2011 at 10:05PM

Nohope wrote: »

My caseworker told me they were set to lose their job in the new year, all those months ago, with just the admin staying, and no qualified debt advisors. Without them, i would have been lost. Well, i would'nt be where i am now, for sure.

And there are 100,000 like you with a similar story from 2010 alone...

JCS1 · 20 January 2011 at 10:07PM

I appreciate that there needs to be government budget cuts - but the number of people in financial difficulty appears to be increasing so it does seem very short sighted.

minicooper1961 · 20 January 2011 at 10:53PM

OMG...............that's all I can think to say........how on earth is that going to help the people that need it most.....how counter-productive and a complete disaster for all those that help.....where will this all end.................:(

a deeply saddenend MC

tigerfeet2006 · 20 January 2011 at 10:56PM

I have been waiting for this but am sad that they have actually done.

DD, hope your job is safe, thinking of you.

the_bright_side · 21 January 2011 at 9:41AM

when is this government going to realise that they should not be cutting non profit organisation budgets but taxing the banks and reducing their bonus levels

Looks like the end......... CAB & Financial Inclusion Fund

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