Organisations could offer equivalent prices across channels. They could automatically apply discounts based on eligibility. They could maintain genuinely accessible non-digital routes. They don't, because exclusion is cheaper. Here's my article.
#DigitalExclusion #PovertyPremium #ConsumerDuty
Road Tax Form showing £107.25 for 6 months and £195 for 12 months. Those paying in two 6 months instalments end up paying a 10% surcharge.
The poverty premium. A 10% surcharge for those unable to pay in one go is completely unacceptable. #povertypremium
The poverty premium costs each parliamentary constituency £4.5million per year.
@fairbydesign.bsky.social recommends a #FairBankingAct as a way to increase access to affordable credit and reduce the #povertypremium in this new briefing.
#FairBankingForAll
fairbydesign.com/wp-content/u...
Charlotte’s powerful story shows why access to #affordablecredit when people need it is so important - no one should have to pay a #povertypremium to access financial products.
bit.ly/43gp2k2
@fairbydesign.bsky.social
@povertyalliance.org
@bigissue.com
#FairBankingForAll
#Givemesomecredit
A head and shoulders image of a woman looking at the camera smiling. Text reads “Credit isn’t a solution to poverty, but it can be a vital lifeline for people needing relatively small short-term loans, preventing difficult situations escalating into real crises.” Kay Polley, Finance Innovation Lab. @FBfACampaign #FairBankingForAll www.fairbankingforall.org
Millions of people who can’t access #affordablecredit have to pay a #povertypremium.
A #FairBankingAct would mean fair access to credit for people & businesses currently excluded.
Email your MP to ask for their support.
#FairBankingForAll
justmoney.eaction.online/FairBanking
Fantastic to be in the beautiful @scotparl this evening and to be reunited with some of the wonderful #Givemesomecredit gang! Thanks to @benmacpherson and Financial Inclusion Scotland for another opportunity to share the exhibition #povertypremium @povertyalliance.org @fairbydesign.bsky.social
Let’s make the most of this opportunity - if you think the current credit system is unfair please email your MP #povertypremium #FairBankingAct
Millions of people who can’t access #affordablecredit have to pay a #povertypremium. A Fair Banking Act would mean fair access to credit for people currently excluded. Brilliant to see this issue covered in Michael Sheen's Secret Million Pound Giveaway.
New research from @moneyandmentalhealth.org & @citizensadvice.bsky.social on unequal access in the telecoms market.
This is a clear example of people with mental health problems paying more for the same essential service. #povertypremium
Many homeowners in Scotland struggle to afford the energy upgrades needed for #netzero. Those on the lowest incomes often pay the highest costs—a clear #povertypremium.
Read full article: smartdatafoundry.com/resources/bl...
It's interesting that the graphic doesn't appear to show energy bill expenses (where we know households are affected by the #PovertyPremium and routinely pay more): d'you think this is included in the housing costs?
🚨 It’s not too late to sign up for this year’s CHASM Annual Lecture!📅
Join our Senior Advisor Martin Coppack as he explores the #povertypremium – why it exists, how it affects millions, and what can be done to eliminate it.
👉 Register now
We’re excited to be on Bluesky! 💙 We'll be sharing our work on all things on the poverty premium and financial inclusion. Give us a message or a follow if you're interested in our work. #FinancialInclusion #PovertyPremium
