UK households face £6bn debts because of Covid-19, says charity

Debt fuelled by pandemic and job losses will stifle nation’s recovery, StepChange claims

British households are expected to rack up debts worth a combined £6bn because of the coronavirus crisis, as millions of people fall behind on credit card payments, council tax and utility bills.

Sounding the alarm as the economic fallout from the health emergency mounts, the StepChange debt advice charity said 4.6m households risked building up dangerous levels of debt because of the pandemic.

Continue reading...

from The Guardian https://ift.tt/37duFSE

No comments:

Post a Comment