Walthamstow MP Helps Local Residents Fight Back Against Spiralling Costs of Living with Free Family Finances Fair

Stella Creasy MP today pledged to continue the fight against legal loan sharks in Walthamstow and to make helping local families struggling with energy bills, unemployment and debt her priority for the year ahead as she announced details of a free community event on Saturday 24 November at Mission Grove School in Walthamstow.

Speaking ahead of the event Stella said:

“With inflation rising to nearly 3% last week, sharp increases in the cost of food and hikes on energy prices are still set to take effect; the cost of living is continuing to spiral in London. I know from talking to people in Walthamstow just how much they are struggling a

nd how this makes them targets for legal loan sharks who offer payday loans at excessive rates of interest. Many of the pressures on household budgets will get worse in the New Year too thanks to the Government’s policies – nearly 1000 families in our local area have been told they face a shortfall in rent as housing benefit is capped from April 2013. Across London, 125,000 households are affected and with a lack of cheaper alternative properties or paid jobs in our capital, options to keep a roof over their head that don’t involve further personal borrowing are few and far between.

Little wonder our local Citizens Advice Bureaux has helped manage debts close to £3 million in just one small corner of a city supposed to be one of the most prosperous in the world. That’s why I will continue to fight for legislation in parliament to tackle legal loan sharks and cap the cost of credit, and I’m going to do all I can to help local residents cut their costs too. This practical even
There will be information and support for Walthamstow residents from a wide range of sources including advice on energy, phone, water and gas bills, job hunting and employment, volunteering, money management, food preparation, housing, financial services as well as credit and debt management. There will also be free refreshments, family entertainment and relaxation sessions. The event is free to attend and local residents are welcome to attend at any time.t is to help local people get the best deals they can on their utility bills as well as advice on job hunting, housing, our local credit union and how to manage debt. Over twenty organisations will be represented and there’s lots of fun things for children to do too including facepainting and the toy library. Together we can defend Walthamstow from falling into a spiral of debt as living costs rise and keep these predatory pay day loan companies at bay! 

If you would like more information on the event please also get in touch with Sophie in Stella Creasy’s Walthamstow office on 020 8521 1223 or email sophie@workingforwalthamstow.org.uk.

Ends.

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Notes

  • The Walthamstow ‘Free Family Finances Fair’ is being organised by Stella Creasy MP and is taking place on Saturday 24 November between 10.30am and 4pm at Mission Grove School, Buxton Road, Walthamstow, London, E17 7EG.
  • Exhibitors attending the fair include the Citizens Advice Bureau, Job Centre Plus, Waltham Forest Community Credit Union, Ascham Homes, The Walthamstow Toy Library, Forest Recycling Project, HEET, British Gas, the Money Advice Service, North London Waste Authority, Forest Recycling, Thames Water, e-on.
  • Guides will be available on the day from OFCOM, OFWAT and OFGEM as well as consumer advice guides from Which?.”
  • There are over 17 high cost credit providers in Walthamstow high streets.

For more information contact Sophie in Stella Creasy’s Walthamstow office on 020 8521 1223 or by emailingsophie@workingforwalthamstow.org.uk