Universal Credit: West Midlands

Department for Work and Pensions written question – answered on 29th May 2019.

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Photo of Shabana Mahmood Shabana Mahmood Labour, Birmingham, Ladywood

To ask the Secretary of State for Work and Pensions, what recent assessment she has made of the effect of the introduction of universal credit on trends in the level of household debt in the West Midlands.

Photo of Alok Sharma Alok Sharma The Minister of State, Department for Work and Pensions

We do not hold data on the levels of household debt.

The Government is committed to ensuring that people, especially those who are experiencing financial difficulties, have access to the information and guidance they need to make effective financial decisions throughout their lives.

Once fully rolled out, Universal Credit is forecast to be £2 billion per year more generous than the legacy system it replaces.

The Money and Pension Service has replaced three providers of government-sponsored financial guidance – the Money Advice Service, the Pensions Advisory Service and Pension Wise – which has brought together the provision of debt advice, money guidance and pension guidance for the first time, streamlining the services offered and reducing confusion for members of the public on who they should contact.

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