FCA identifies 15% rise, with one in three adults likely to cut back on essentials and one in 10 likely to use food banks

More than a quarter of adults in the UK have been left financially vulnerable as the fallout from Covid-19 drives more people into debt, according to the UK’s financial regulator.

The Financial Conduct Authority said there were now 27.7 million adults in the UK who showed characteristics of vulnerability – such as poor health, low financial resilience or recent negative events in their lives – that put them at greater risk of financial harm.

Continue reading…

You May Also Like

Trauma and transformation: Christchurch earthquake survivors ten years on

On 22 February, 2011, a 6.3 magnitude earthquake hit, killing 185 people.…

Driving while kidnapped: Florida man drives erratically to attract police

Dog breeder who says he was being held captive by three men…

Middle East crisis live: two Israeli hostages freed amid Rafah strikes that officials say killed at least 50 Palestinians

The airstrikes took place as people slept in the former ‘safe’ city…

FCA identifies 15% rise, with one in three adults likely to cut back on essentials and one in 10 likely to use food banks

More than a quarter of adults in the UK have been left financially vulnerable as the fallout from Covid-19 drives more people into debt, according to the UK’s financial regulator.

The Financial Conduct Authority said there were now 27.7 million adults in the UK who showed characteristics of vulnerability – such as poor health, low financial resilience or recent negative events in their lives – that put them at greater risk of financial harm.

Continue reading…

You May Also Like

I won on Lotto scratchcard but I’ve been waiting WEEKS to get cash after rules change saw clampdown on payouts

A LOTTO winner has been left with lighter pockets after waiting weeks…

Russia’s invasion of Ukraine, one year on – cartoon

One year on? It was back in 2014 that Vladimir Putin’s war…

Quick-thinking driver saves motorist having seizure in fast lane

John Barlow carried out controlled stop to bring man’s car to halt…