Price rises trigger shift from saving to borrowing

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More people are unable to save than at any time in the past two years, official figures suggest.

A greater number of people are borrowing more and expecting to save less as the rising cost of living bites in the UK, official figures suggest.

The ONS survey was conducted before a 54% rise in domestic energy bills took effect in April, but still takes into account the general trend of sharply rising prices, as measured by inflation.

 

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Why does the BBC have to repeat the headline (pointlessly) below the photo EVERY FUCKING TIME!

Time for charity grocery stores to open

Yes Cost of living has gone up it is becoming impossible to make 2 ends meet Thanks to the world crisis War & Corona we have been pushed 5 years back.

When Gordon sold off the gold and interest rates collapsed to nothing, that was when saving stopped being effective.

Scaremongering again DefundTheBBC

So sad. Cost of living crisis for so many people.

Our vision for our country, which we want, is a strong, prosperous state that accommodates everyone, its constitution is Islam and its approach is moderation that accepts the other. 

Except at of people have nobody to borrow from.

🤯😱😱النوم في الخيمه في البراري القطبيه الشماليه في مورمانسك الروسيه :( يارب اتوسل اليك باسمك ادعظم ان ترزق صاحب اليد الي ستدعمني فرحة يسجد لها باكيا ورزقا لاينتهي

😍😍😍🤩🤩🤩🤩🤩😍😍😍😍

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