IE Hub is urging organisations to take action to support their customers before it’s too late!
Disposable income is set to reduce for many throughout 2022 - this is according to independent research carried out on behalf of IE Hub. For households across Britain, budgeting exercises will need to start now, to avoid falling behind on payment arrangements in the coming months.
The pandemic has impacted many UK residents, and the effects of Brexit are starting to be seen across the country with the rise in average weekly shopping costs. The next Budget headlines will be announced on 27 October 2021, and public borrowing needs to be repaid. The Bank of England also predicts that inflation will top 4% by the end of 2021.
To help organisations better understand the economic impacts on their customers, IE Hub has produced a whitepaper. In this paper, Dylan Jones, IE Hub CEO, explores an average family’s income and outgoings in 2021, versus their position in 2022 following the expected increase in living costs. The findings display an average family of four may find themselves in deficit by April 2022.
The full report can be viewed here: bit.ly/IEHubactnow
Jones, said: “If more isn’t done to highlight the need for budgeting in the here and now, organisations will find themselves in a situation where their customers can no longer afford to make payments. This will prove particularly difficult where vulnerability exists. There are tools available to support customers ahead of the impending debt tsunami – IE Hub is one of them!”
To find out how IE Hub can support you and your customers, email Mark@iehub.org to contact Mark McElvanney, the Sales Director at IE Hub.
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