People with mental health problems are facing sky high insurance premiums, reduced cover or are being refused insurance altogether — sometimes even when their conditions are stable and manageable. These are the findings of new research by the Money and Mental Health Policy Institute. It shows these factors are leaving people unable to afford insurance, more exposed to financial risk and experiencing unnecessary distress during the cost of living crisis.
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After their December announcement that HSBC would no longer be funding new oil and gas projects, the global banking giant has been called out for "making a secretive loan to a coal company " (Moulds 2023) in the sum of £340million. The loan was made to German Energy company RWE, to expand their Garzweiler open cast mining operations. RWE are also responsible for bulldozing 13 villages and plan to evict the nearby village of Luzerath in their expansion plans for the 35Km2 mine. In her article for the Bureau of Investigative Journalism, Moulds states that the deal was financed using sustainability loans.
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AuthorThe Money Matters blog is compiled by Jill Turner : Director of Big Picture Financial Planning and Chartered Financial Planner. In this section you can:
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