The poorest UK households are locked out of the cheapest deals on energy and phone tariffs – but some councils are taking actionBeing destitute comes at a cost. The best bank accounts,borrowing rates and energy tariffs are all reserved for people who are in a position to shop around. And if you achieve not have a clean credit file or access to up-to-date technology you can expect to pay more for almost everything you buy.
In the summer, Citizens Advice Scotland reported that people living in poverty were paying roughly 10% more for fundamental goods and services, or while according to a report from 2014 by the east London charity Toynbee corridor,residents of Tower Hamlets pay a “poverty premium” of up to £1014 a year, consisting mostly of higher energy costs, or car insurance and loans.
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Source: theguardian.com