Money Wellness
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calendar icon06 Mar 2024

Our thoughts on the spring budget 2024

Following today's announcement that the debt relief order (DRO) £90 administration fee is to be scrapped and the household support fund extended for six months, our director of external relations Sebrina McCullough said:

“We’ve consistently advocated for the eradication of the £90 administration fee for DROs, as it was preventing some of the most vulnerable in the UK getting the debt relief they so desperately need.

“DROs are often suitable for people who owe less than £30,000, don’t own their home, have few assets and little or no spare income, so finding the upfront £90 administration fee was a big ask. Our research indicates that the fee prevents 44% of those eligible from accessing this solution.

“We warmly welcome today’s change.

“And the extension of the Household Support Fund is much needed too. It plugs a gap for those struggling with living costs and makes sure millions aren't forced deeper into poverty.

“We’re helping around 1,000 people a day – demand is unprecedented and is growing month on month. Energy debt and priority arrears are at an all-time high, and bills are still very high. There’s no respite for households from cost-of-living pressures and the Household Support Fund provides a vital safety net for millions.”

Avatar of Rebecca Routledge

Rebecca Routledge

A qualified journalist for over 15 years with a background in financial services. Rebecca is Money Wellness’s consumer champion, helping you improve your financial wellbeing by providing information on everything from income maximisation to budgeting and saving tips.

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