Leeds lands debt management recognition

Leeds City Council aimed to assist those people in the local area who are looking for a debt solution in partnership with public, private and voluntary organisations.

And as a result of its endeavours, the government has awarded the council Beacon status by way of commendation for its success in limiting the extent of exclusion from basic financial services, such as bank accounts and low-interest loans.

Councillor Andrew Carter, council leader and executive board member for development, said: “It is vital that we help people gain control of their finances while also teaching children and young people about the value of taking care of your money.”

The government recently announced plans to transfer funds from bank accounts left dormant for a number of years to social improvement projects, including aid for those people still facing financial exclusion.