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Money expert exposes tool helping Brits claim income owed | Personal Finance | Finance

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Sylvia Simpson, CEO of Money Buddies, an organisation that helps those in need access Government funds owed to them, told Good Morning Britain about a significant online tool that makes Britons aware of Government funds to which they’re entitled to but of which they might not be aware. She said the positioning “helps maximise your income” and will prove vital to many scuffling with the soaring cost of living crisis. 

Ms Simpson said: “We use a web based tool called Turn To Us and it helps you maximise your income. So it looks in any respect the differing types of help from the Government you can get and that it’s best to get.

“Since you’d be amazed at how many individuals we see which can be entitled to money from the Government but they’re not claiming it because they don’t learn about it. 

“So we help people maximise their income that way. 

“I mean we had one client that got here in that was owed £10,000 by the Department for Work and Pensions. He had no idea, so it’s really vital to get help”. 

GMB co-host Susannah Reid looked shocked on the staggering sum owed to this gentleman. 

She said: “He was owed £10,000? My goodness! I’m undecided everyone would find themselves in that situation.” 

The price of living crisis has hit Britons hard as politicians debate the potential for a windfall tax to alleviate the pressures. 

Expert estimates suggest hundreds of thousands of individuals within the UK could find themselves in relative poverty over rising inflation and a decline in real term income, forcing many to choose from heating and food.

READ MORE: Warmest she’d been in weeks!’ Citizen Advice rages at Gov inaction [REVEAL] 

And while Britons may already be strapped for money, the boss of clothing and food retailer Marks & Spencer said today that many won’t feel the total force of the country’s cost of living crisis until the autumn. 

M&S chief executive Steve Rowe said many Britons will spend on the Platinum Jubilee celebrations after which possibly enjoy their first foreign holiday because the pandemic began before the truth of an enormous jump in energy bills hits them in September and prompts them to regulate their spending.

Mr Rowe said: “Somewhere between I believe the autumn/October period and January, we’ll begin to see it bite. 

“Those on lower incomes will see it bite earlier perhaps than our customers, where they have a tendency to have a bit bit more within the bank and a bit bit more savings.” 

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In a similarly dire prediction, the owner of British restaurant chain Wagamama projected on Tuesday that foods and drinks inflation would reach nine to 10 percent this yr, nearly double its estimate from two months ago.

British consumers are facing the most important squeeze on disposable income since at the least the Fifties.

They were hit last month by a double whammy of surging household energy costs and better taxes.

On Tuesday, the UK energy regulator warned household energy bills could surge by one other 40 percent in October, from the present £1,971 cap announced in April, which was itself a greater than 50 percent rise on the previous level.

Market researcher Kantar has said over one-fifth of UK households describe themselves as “struggling” to make ends meet, piling pressure on the federal government to do more to assist the poorest.

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