The latest Money Matters column from the Carmarthenshire Herald
The latest Clay Shaw Butler Money Matters column from the Carmarthenshire Herald. By Mark Jones, director of Carmarthen-based Clay Shaw Butler chartered accountants and business consultants. It’s not often that the National Eisteddfod provides the forum for a debate on the problems of debt. But, it’s a major festival event, so why shouldn’t it be an opportunity to debate society’s problems? The charity Citizen’s Advice Cymru (Wales) used the Eisteddfod Maes at Meifod in Montgomeryshire to debate current problems with poverty in Wales. There has been a sharp rise in the number of people contacting the debt charity because they are struggling with the things they need "to survive". Citizens Advice Cymru helped just under 30,000 people with more than 125,000 debt-related problems in 2014-15. This is a 19% rise on the year before. The charity's Fran Targett said common problems used to be consumer debt but are now more people need help with rent and energy bills. Here, th...