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Money Advice Service plans £2.5m cuts to budget

Money Advice Service plans £2.5m cuts to budget

The Money Advice Service (MAS) is consulting on £2.5 million of cuts to its budget for next year.

The costs of the MAS website, face-to-face and telephone services will be down to £43.7 million next year, compared to £46.3 million this year, according to the group's 2013/14 budget which it is consulting on. Around 30,000 people use the services each week, it said.

The consultation paper also revealed plans for the MAS to fund 150,000 debt advice sessions in 2013/2014, up 50,000 from this year.

The MAS plans to launch a new range of services targeted at younger adults and lower to middle income families, including a new educational programme for school-leavers, as well as making more effort to standardise its debt advice service.

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