• 06 March 2019

    Glasgow's Healthier Future Forum 23

    Location: 200SVS, 200 St Vincent Street, Glasgow, G2 5RQ
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    Money, debt and health

    Debt and income insecurity have emerged as urgent public health challenges in recent years with implications for both mental and physical health. We know that financial need arises from a diverse set of drivers including low pay, rising living costs, insecure work and the implications of welfare reform. Many of those affected are unable to access mainstream financial products in times of additional need, relying instead on expensive, short-term unsecure forms of debt.

    This forum highlighted the nature of this financial need as well showcasing some innovative approaches to credit and finance designed to better serve those experiencing income insecurity.

    The event was chaired by Prof Cam Donaldson of Glasgow Caledonian University with speakers including Olga Biosca, of the Yunus Centre for Social Business and Health, also Glasgow Caledonian University. Her work on ‘FinWell: Fair credit, health and wellbeing’ has explored the relationship between financial management, use of fair microcredit and health outcomes of those living on the verge of financial exclusion in Glasgow. Faisel Rahman OBE, Founder and CEO of Fair Finance, presented learning from the development of a range of innovative financial products and services designed to better meet the needs of people excluded from mainstream financial services and products. We heard from GPs working at the Deep End about the day-to-day reality of dealing with the impacts. Sessions in the second part of the morning allowed discussion of what actions might be possible in Glasgow to enable better access to financial products, alleviate unpredictable fluctuations in income and promote health, wellbeing and life chances.

    View the presentations below

    Welcome and introduction by the Chair

    Cam Donaldson, Yunus Centre for Social Business and Health, Glasgow Caledonian University

    The public health implications of low income and debt

    Chris Harkins, Glasgow Centre for Population Health

    Fair credit, health and wellbeing - the Glasgow financial diaries

    Olga Biosca, Yunus Centre for Social Business and Health, Glasgow Caledonian University

    Money advice embedded in the Deep End

    Ronnie Burns, Deep End GP, NHS Greater Glasgow and Clyde (Introduction by Graham Watt, Emeritus Professor, General Practice & Primary Care, NHS Greater Glasgow and Clyde)

    Fair Finance 

    Faisel Rahman, Managing Director and Founder, Fair Finance, London

    Who knows best? Perspectives on health in low-income communities

    Neil McHugh, Yunus Centre for Social Business and Health, Glasgow Caledonian University


    Download the 'agree' and 'disagree' statements from each table

    Download the event summary report