40% of Britons suffer financial hardship or poor health
The British Financial Conduct Authority revealed yesterday that more than 40% of Britons suffer from financial difficulties or ill health, which represents a significant increase from last year due to the "Covid-19" pandemic, according to Reuters news agency.
In its periodic survey report, the authority said that 27.7 million adults are currently suffering either low financial ability, poor health, or any other negative conditions, up from 24 million in February 2020, a month before the start of the first general isolation imposed by the government to combat the pandemic.
She added that she contacted 16,000 people in the survey from August 2019 to February 2020 and conducted another survey of 22,000 people in October of last year.
The authority added that more than 13 million people are expected to struggle to meet their needs, while many said they expect to increase their debts and reduce their spending on necessities, or they may resort to food banks.
In the context of efforts to alleviate the financial difficulties that accompanied "Covid-19" and caused the worst economic recession in 300 years, the British government requested banks to provide facilities for payment for several months in mortgage loans, credit cards, and other forms of credit.
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The British government asked banks to provide facilities for payment for several months.
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