Money Box Money Box Live: Behind Bars
Jul 29, 2025
Andrea Coady, Head of Policy at Nacro, and Ana Caldeira from Catch 22 dive into the financial realities faced by ex-offenders. The conversation reveals the concept of 'bang-up' pay and the challenging journey of reintegration after prison. They discuss the stigma and barriers in securing basic banking services, highlighting the urgent need for better financial education and support systems. These insights shed light on how financial stability can significantly reduce re-offending rates and aid in rebuilding lives.
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Financial Struggle Upon Entry
- Upon entering prison, individuals receive a small loan but face immediate expenses that often exceed their income.
- This financial strain leads to debt and can cause violence, especially when earning the minimal £2.50 bang-up pay without a job.
High Costs Inside Prison
- Prisoners receive minimal pay and face high prices for essentials like phone calls and toiletries.
- Despite basic provisions, they must buy additional items from the expensive prison canteen to maintain a reasonable life.
Secure ID and Bank Account
- Prisoners should seek support from probation services and charities to obtain ID and open bank accounts.
- Having ID and a bank account on release is vital for accessing income and reintegrating into society.