{"id":45173,"date":"2022-10-21T12:37:14","date_gmt":"2022-10-21T12:37:14","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=45173"},"modified":"2022-10-21T12:37:14","modified_gmt":"2022-10-21T12:37:14","slug":"britons-in-financial-difficulty-watchdog","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/10\/21\/britons-in-financial-difficulty-watchdog\/","title":{"rendered":"Britons in Financial difficulty &#8211;Watchdog"},"content":{"rendered":"<div class=\"Raw-slyvem-0 bCYKCn\">\n<p>A watchdog said on Friday that Most Uk adults find it as a heavy burden or somewhat of a burden to pay their bills as a cost of living crisis bites.<\/p>\n<p>According to the watchdog, nearly 32 million people, or 60 per cent of all UK adults find it as aburden.<\/p>\n<\/div>\n<div class=\"Raw-slyvem-0 bCYKCn\">\n<p>They are faced with challenges like rising food and fuel prices, with <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/10\/18\/inflation-pushes-stock-market-down-by-n655bn\/\">inflation<\/a> now topping 10 per cent, far higher than most pay increases.<\/p>\n<p>The latest Financial Lives survey of the Financial Conduct Authority\u2019s (FCA) said that the total was up 6 million from 2020, when the economy went into lockdown to fight the Coronavirus pandemic.<\/p>\n<\/div>\n<div class=\"Raw-slyvem-0 bCYKCn\">\n<p>According to the survey, 4.2 million people were missing domestic bills or credit repayments in three or more of the last six months, up from 3.8 million in 2020.<\/p>\n<\/div>\n<div class=\"Raw-slyvem-0 bCYKCn\">\n<blockquote><p>One in four UK adults are in financial difficulty or could quickly find themselves in difficulty if they suffered a financial shock, the watchdog said in a statement.<\/p><\/blockquote>\n<\/div>\n<div class=\"Raw-slyvem-0 bCYKCn\">\n<p>Furthermore, the survey found out that 27 per cent of Black people said they found it a heavy burden to keep up with bills, compared with 15 per cent of all UK adults.<\/p>\n<\/div>\n<div class=\"Raw-slyvem-0 bCYKCn\">\n<p>The watchdog added that banks are already been reminded\u00a0 on how to support customers in financial difficulty, who should contact providers in the first instance to discuss options.<\/p>\n<\/div>\n<div class=\"Raw-slyvem-0 bCYKCn\">\n<p>The FCA said its survey is the largest of its kind, with more than 19,000 people interviewed between February and June this year.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A watchdog said on Friday that Most Uk adults find it as a heavy burden or somewhat of a burden to pay their bills as a cost of living crisis bites. According to the watchdog, nearly 32 million people, or 60 per cent of all UK adults find it as aburden. They are faced with [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":45198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"https:\/\/www.portal.nannews.ng\/most-british-adults-struggle-with-bills-watchdog-says\/","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"42922","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"footnotes":""},"categories":[238],"tags":[7898,4083,7897],"class_list":["post-45173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign","tag-bills","tag-british","tag-struggle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Britons in Financial difficulty --Watchdog<\/title>\n<meta name=\"description\" content=\"A watchdog said on Friday that Most Uk adults find it as a heavy burden or somewhat of a burden to pay their bills as a cost of living crisis bites.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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