Redundancy: Over 50s should take vital steps with finances when facing unemployment | Personal Finance | Finance
“If you didn’t, sign on to Universal Credit immediately as it takes at least five weeks to get the money in.”
Britons should also evaluate their monthly costs and cut these down, for example, energy bills and direct debit subscriptions.
Finally, those who have been made redundant should consider the options they now have at their disposal.
Some people may even consider looking into starting their own business, or going freelance within their previous industry.
One Briton, Jill White, 59, was made redundant unexpectedly after working in the corporate world for 30 years.