Chancellor Rishi Sunak has today announced details of a new Job Support Scheme amongst a package of other measures to support business and workers impacted by coronavirus over the coming months.
Alex Connolly, Chief Operating Officer at the Money and Pensions Service said:
“We know how worried many people are about money right now, including those whose jobs continue to be impacted by Coronavirus. Our Money Navigator tool on the Money Advice Service website can help you find a way forward with your finances and help you understand what priority actions to take and where to go for specialist support.
“If you are facing redundancy and worried about the financial impact, there are some things you can do. This includes making an emergency budget, checking if there’s any savings you can access to bridge the gap, talking to creditors if you’re concerned you might miss payments, and checking what other support you might be eligible for. The redundancy guides on the Money Advice Service website are a great starting point.”
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For media enquiries contact:
- MaPS Press Office 020 8132 5284 / media@maps.org.uk
- Mia Cochrane, senior press officer 020 8132 4937 / mia.cochrane@maps.org.uk
About the Money and Pensions Service
The Money and Pensions Service (MaPS) vision is: ‘everyone making the most of their money and pensions.’
MaPS is an arm’s-length body sponsored by the Department for Work and Pensions (DWP), and it has a joint commitment to provide access to the information and guidance people across the UK need, to make effective financial decisions over their lifetime.
The organisation also engages with HM Treasury on policy matters relating to financial capability and debt advice.
MaPS brings together the free services previously delivered by the Money Advice Service, The Pensions Advisory Service and Pension Wise. MaPS offers customers guidance and appointments over the telephone, online and in person.
For further information visit the Money and Pensions Service website www.moneyandpensionsservice.org.uk
Consumers can continue to access free guidance about their money and pensions via the following websites and helplines:
www.moneyadviceservice.org.uk / 0800 138 7777