£38m support for debt advice

The Government has announced a nearly £38m support package for debt advice providers, to help them to provide essential services to people who have struggled with their finances because of Covid-19. The Money and Pensions Service will distribute the funds. A one off Financial Services Levy of £14,2m will part fund the package. FCA says it will consult on the details of raising the funds for which it is responsible in due course.