Millions of Britons Face Financial Ruin
It has been revealed that around 15 million Britons will fall in to serious debt after just 100 days should they lose their jobs. The staggering figure is from a new report commissioned by Christians against poverty
The survey which interviewed over 2000 people online found the situation was even worse for some. The report found one in 5 women and almost of a third of 18-24 year olds would be in serious financial trouble in less than a month should they lose their job.
The UK economy may have doubled in size since the early 1980’s but so has the number of poor people. 22% of the population are now living in poverty. That’s a staggering 13.4 million people. Some critics argue the austerity measures put forth by the Government are counterproductive and only punish the poor resulting in a wider wealth gap.
Despite the country’s economic upturn, the number of people in the UK suffering unmanageable debt is still rising, and, experts warn, will continue until there is a change in economic policies.