Harsh reality of price rises across the UK

Everything seems to be going up in price at the moment, from energy to interest rates. We are all feeling the pinch, but none more so than the most financially vulnerable in the UK. Here are some of the latest facts and figures…

1

7.3 million people have already fallen behind on their bills. That equates to 14% of UK adults,

according to Citizens Advice.

2

91% of people in work faced personal financial issues last year, according to Morgan Stanley at Work.

3

Across England and Wales, an average of 297 people a day were declared insolvent or bankrupt between December and February 2022.

4

Personal debt in the UK grew by £62.2billion in the year to January 2021.

5

An average of 4.2 properties were repossessed across the country every day between October and December 2021.