Free school meals to save over £400 a year per hild

Posted by Arron Dickens in Personal Finance on 20 September 2013 - Arron is a Product Manager at checkmyfile

Every infant school child will receive free school meals from September 2014, under plans announced by the coalition government on Wednesday. Only children whose parents are on low incomes are currently able to qualify for free school lunches. This extension of the scheme will increase the number of 5, 6 and 7 year old children eligible from 400,000 currently, to over 1.9 million.

The cost of offering this across the board will run to about £600 million a year, and has been strongly supported by Lib Dem leader Nick Clegg. Indeed it would appear that a deal has been done within the coalition, with the Tories happy to introduce the school meal scheme, in exchange for the Lib Dem’s not blocking proposals for a marriage tax break.

Based on the average cost of school dinners, parents will save £437 a year for every child in Reception and Year 1 & 2 classes. The announcement is seen by Clegg as one of his most significant successes since entering the coalition partnership in 2010, and the deal is being used to highlight the different priorities of Cameron and Clegg, with the Deputy Prime Minister proclaiming, "The Conservatives have made it clear that their priority is to help some families over others, with a tax break for married couples – a tax break for some, funded through the taxes of others. That tells you everything you need to know about their values. We, however, will help all families in these tough times – not just the kind we like best – by helping their young children get the best possible start in life. And that tells you everything about ours."

The Lib Dem’s have confirmed that they would like to extend the plan to include all children in primary school education, if funding can be found at a later date. Research undertaken by the government last year found that children ate more healthily but that there were also significant improvements in academic achievement, for those children who were provided with free school meals.

Arron Dickens is a Credit Analyst at checkmyfile and has a Bachelor of Arts degree in Business Administration and is an Associate of the Institute of Credit Management. He can be contacted at arron.dickens@checkmyfile.com.

How does APR work? – Your questions answered

APR stands for Annual Percentage Rate and is a standard measure that allows you to compare the total cost of credit from different lenders.

Published on 30 Aug 2019 by Andrew Brown

Full Article

Check your Multi Agency Credit Report before the PPI deadline

The PPI deadline is at 11.59pm on Thursday 29 August. After this point, you can no longer submit applications to reclaim any PPI you are owed from lenders. If you’ve not done it, the time is now to check whether you are owed money. If you start your PPI application before the deadline, it’s still possible to reclaim what you’re owed.

Published on 28 Aug 2019 by Andrew Brown

Full Article

How interest rates are calculated

If you’ve ever applied for a form of credit, you may well have discovered to your cost that the advertised APR and the interest rate you’re offered if you are accepted can be very different things.

Published on 14 Jun 2019 by Richard Catlin

Full Article

The Importance of Proving Stability to Lenders

In addition to the key roles that your Credit History and Affordability play in determining whether or not you will be accepted for credit, we regularly talk about the importance of being able to demonstrate your ‘stability’ to potential lenders.

Published on 15 Mar 2019 by Sophie Regester

Full Article

If I Change My Name Can I Still Get Credit?

Legally changing your name is an increasingly popular thing to do in the UK: while getting married or divorced still makes up a large proportion of this, there is a growing trend towards people changing their name following civil partnerships, a change in gender, living in blended families, or simply because they’re seeking a change – the list is long.

Published on 22 Feb 2019 by Tom Magor

Full Article

Which Credit Report Information Can Landlords See

These days whenever you rent a property you may be required to pass checks set by the landlord or letting agent to prove that you will be a good tenant and that you’ll be able to reliably make rent payments to the property on time.

Published on 7 Feb 2019 by Kevin Pearce

Full Article

What Credit Checks Look For When You Switch Energy

As we get deeper into Winter, it’s inevitable that millions of consumers across the UK will end up using more energy and spending more on bills due to the colder weather and long stretches of darkness.

Published on 9 Jan 2019 by Jamie Mackenzie Smith

Full Article

Pros and cons of going paperless

Whether you are environmentally motivated or simply to get a discount for moving your billing online, you might find it makes sense to abandon paper for your business, if you haven’t already.

Published on 7 Dec 2018 by Kevin Pearce

Full Article

How To Get The Best Car Finance Deals

New car sales may have slowed in recent years, with the economy, emissions scandals and Millennials all being cited as the root cause at one point or another. But the number of people choosing to use credit as a means of driving away in a new car continues to rise, according to figures from the Finance & Leasing Association which shows that the new car finance market grew by 15% in July 2018 when compared to the previous year.

Published on 8 Oct 2018 by Kiah Phillips

Full Article

We're Now More Likely To Be Borrowers Than Savers

UK Households are now more likely to be borrowers than savers, with savings at their lowest since 1963, according to a study by the Office for National Statistics. Households are increasingly borrowing more – by taking out loans, car finance, and mortgages – than they are collectively depositing into savings accounts.

Published on 5 Oct 2018 by Sam Griffin

Full Article
keyboard_arrow_left

keyboard_arrow_right

We are rated number 1 for customer service on