Johnston Press, which owns a string of local newspapers including the Sheffield Star and the Yorkshire Post has gone into administration with debts of more than £200m. The group, which publishes more than 200 regional titles as well as the national “i” paper, has written off part of its debt burden through a “pre-pack” takeover by the company’s former bondholders. It is hoped the deal will secure jobs and continued publication. Sheffield Live! reporter Baillor Jalloh spoke to Chris Molly of the National Union of Journalists.
Christ Church Endcliffe is pioneering a new eight week life skills training course to support people to live better on a low income including help with budgeting and decision making. The initiative is backed by the charity Christians Against Poverty which offers support to people regardless of age, gender, faith or background and provides services such as debt counselling and money management as well as life skills training. Sheffield Live! reporter Azz Mohammed spoke to life skills coach Paul Gardner.
Reverend David Dean-Revill of St Christopher’s Church in Gleadless is supporting a campaign for a law to limit interest rates on consumer borrowing. Dean-Revill is concerned that every week many people on low-incomes turn to pay-day loans and other borrowing just to survive and can find themselves deeper in debt. Current legislation allows companies to charge up to 0.8% per day which amounts to 24% per month. A Stop Unfair Lending petition is gathering support and calls on the government to legislate to limit interest rates to a maximum 100% APR including fees. Sheffield Live! reporter Azz Mohammed spoke to Reverend David Dean-Revill.
For more information you can visit www.stopunfairlending.co.uk