From Flames to Policy: How One Woman’s Ordeal is Reshaping the Fight Against Financial Abuse
Francesca Onody’s story, brought to light by the Guardian, is a harrowing example of the devastating impact of economic abuse. After surviving a horrific attack by her husband, Malcolm Baker, who tragically died by suicide after setting their home ablaze, Onody faced the further indignity of potential repossession. Now, her experience is poised to influence government policy, with City minister Lucy Rigby inviting her to advise on measures to support victims.
The Hidden Face of Domestic Abuse: Economic Control
Whereas physical violence is often the first image that comes to mind when discussing domestic abuse, economic abuse is a pervasive and often overlooked tactic used by perpetrators to control their victims. This can manifest in many ways, from controlling access to money and preventing employment to sabotaging credit scores and exploiting financial resources. According to Surviving Economic Abuse, abusers weaponize financial products and services to maintain control even after a relationship ends.
Baker’s actions – cancelling insurance policies, emptying business accounts, and excluding Onody from his will – are textbook examples of this control. The inquest revealed he had stockpiled petrol and cancelled home insurance, demonstrating a calculated attempt to inflict maximum damage.
A System Failing Survivors?
Onody herself has stated she felt failed by authorities and financial providers when seeking help. This highlights a critical gap in the system. Financial institutions are often ill-equipped to recognize the signs of economic abuse, leaving victims vulnerable to further exploitation. Banks and insurers need better training to identify red flags and provide appropriate support.
The case also underscores the complexities of divorce proceedings when financial abuse is present. Abusers often manipulate financial records and legal processes to maintain control and punish their victims.
Government Response and the Financial Inclusion Strategy
The government’s decision to create tackling economic abuse a “cross-cutting theme” in its recently published financial inclusion strategy is a positive step. Lucy Rigby’s commitment to preventing others from experiencing Onody’s ordeal signals a growing awareness of the issue at the highest levels. Although, translating this commitment into concrete action will be crucial.
This includes not only providing financial assistance to survivors but also addressing the systemic issues that allow economic abuse to flourish. This could involve strengthening legal protections, improving access to financial literacy programs, and holding financial institutions accountable for their role in preventing and addressing abuse.
Future Trends: Tech, Legislation, and Awareness
Several trends are likely to shape the future of the fight against financial abuse:
- Increased Tech Solutions: Expect to see the development of apps and platforms designed to help victims manage their finances securely and independently. These could include tools for tracking spending, building credit, and accessing emergency funds.
- Enhanced Legislation: There is growing pressure to introduce specific legislation addressing economic abuse, recognizing it as a distinct form of domestic violence. This could include provisions for financial remedies in divorce proceedings and increased penalties for perpetrators.
- Mandatory Training for Financial Professionals: Requiring banks, insurers, and other financial institutions to provide mandatory training on economic abuse could significantly improve their ability to identify and respond to cases.
- Greater Public Awareness: Continued media coverage and public awareness campaigns are essential to destigmatize economic abuse and encourage victims to seek help.
Did you know? Economic abuse can occur in any type of relationship, not just romantic partnerships. It can also affect family members, friends, and colleagues.
FAQ: Financial Abuse
- What is economic abuse? Economic abuse is a form of domestic abuse that involves controlling a person’s access to economic resources, limiting their ability to function, or sabotaging their financial stability.
- How can I spot the signs of economic abuse? Signs include controlling how a partner spends money, preventing them from working, taking their money, or damaging their credit.
- Where can I acquire help if I am experiencing financial abuse? In the UK, call the national domestic abuse helpline on 0808 2000 247, or visit Women’s Aid. In the US, the domestic violence hotline is 1-800-799-SAFE (7233).
Pro Tip: Document everything. Keep records of financial transactions, communications with your abuser, and any attempts to seek help. This documentation can be invaluable if you need to pursue legal action.
Francesca Onody’s willingness to share her story is a powerful act of courage. Her contribution to shaping future policy offers a beacon of hope for countless survivors of financial abuse.
What are your thoughts on this issue? Share your experiences and insights in the comments below.
