12 million people in Britain will struggle to pay bills, watchdog says

[robblok]

22 hours ago, transam said:

You are totally off topic with your obvious dislike of the UK populace. 

Are there no folk in your country having financial problems because the virus....?

Every country is hit by the virus, I see it with some of my clients too. Business are doing worse. But the smarter of my clients had build a buffer. Plus of course the Dutch government is supporting small businesses by giving them a basic income for the months they have had no income in their company. 

 

I think every country will struggle but there are a lot of people who never buildup any reserves and spend it all. I have no respect for those people. (some exceptions that are really poor) But a lot of people manage their finances wrong.

[rickudon]

UK can be expensive to live in, especially London. My son pays 900 GBP a month rent for his share of a flat - and bills (fuel, water, council tax, insurance, internet) are on top. Not much change out of 1200 GBP. And his Landlord demanded an extra 100 GBP a month from this October (no Covid help there). In normal times he also has to pay for his commute to work (another 150 GBP a month). All other day to day costs are on top.

 

With such heavy outgoings, many Londoners live close to the edge - loose your job - debts rapidly mount up. Now that government furlough scheme is being cut, many of his friends are on notice of redundancy. A bleak winter ahead.

[Whale]

On 10/23/2020 at 8:20 PM, rickudon said:

With such heavy outgoings, many Londoners live close to the edge - loose your job - debts rapidly mount up. Now that government furlough scheme is being cut, many of his friends are on notice of redundancy. A bleak winter ahead.

 

Welcome to the North. We have had decades of it.

[from the home of CC]

On 10/22/2020 at 4:31 PM, transam said:

You are totally off topic with your obvious dislike of the UK populace. 

Are there no folk in your country having financial problems because the virus....?

many people in many countries live paycheck to paycheck - in Canada/USA it's 53% so no, the UK is far from alone in this..