FCA identifies 15% rise, with one in three adults likely to cut back on essentials and one in 10 likely to use food banks
More than a quarter of adults in the UK have been left financially vulnerable as the fallout from Covid-19 drives more people into debt, according to the UK’s financial regulator.
The Financial Conduct Authority said there were now 27.7 million adults in the UK who showed characteristics of vulnerability – such as poor health, low financial resilience or recent negative events in their lives – that put them at greater risk of financial harm.
