Belfast Telegraph

UK Website Of The Year

Fears over worsening finances

By Nicky Burridge

Published 09/06/2011

More than a third of Britons expect their finances to deteriorate during the next six months, with growing numbers struggling to stay on top of bills and not go overdrawn, a research study has indicated.

Some 36% of people said they thought their financial situation would get worse, compared with just 17% who thought it would improve, according to insolvency practitioners trade body R3.

At the same time, 12% of people admitted they had fallen behind with bills, 16% expect to go overdrawn this month and 5% thought they would exceed their authorised overdraft limit.

Overall, the group said the proportion of people showing some sign of financial distress was at its highest level since it first began collecting the data a year ago.

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?

Read More

From Belfast Telegraph