The loss of income from furlough contributed to a rise in borrowing in the UK last year, a new piece of analysis shows.
Personal finance website money.co.uk released its ‘coronavirus debt index, which showed 51 percent of UK adults got into debt in 2020 with half of that new debt directly caused by the pandemic.
The average amount of debt owed in the UK at the beginning of the year was £9,246 per person. One in ten said their debt was caused as they struggle...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
