One of the largest surveys of its kind has revealed that two million UK households could be plunged into serious financial difficulty if the economy took a turn for the worse, and that half a million households are already struggling despite low interest rates and high employment.
A report by insurance company AXA estimates that up to 2 million Britons have had their sex lives affected by money worries, with women twice as likely to see financial troubles kill their libidos.
New research on the levels of UK consumer debt has been released by analyst group Mintel, highlighting both the worrying amount of debt many people are in, and the even more worrying lack of concern many people have about their borrowing.
It’s often reported in the media that UK debt is at record levels, and that excess availability of credit is a major problem. Just how far in debt are we as a nation, and is the situation as bleak as it’s often painted?
New figures from the Bank of England show that consumers turned to credit again in January, although the rate at which debt is growing is slowing down.