Tag: borrowing

  • Give us this day our daily bread

    The coronavirus pandemic is having a massive financial impact on the world. Governments are borrowing very large sums of money in order to help their people and keep their economies going. Businesses, both large and small, are suffering and some may never reopen. Many people are likely to lose their jobs, with far-reaching consequences for […]

  • The burden of debt

    Debt is a growing problem for many families in Britain. In 2017 the average annual overspend for families in Britain was £900. It is estimated that £19bn is owed for utility bills, missed council tax payments and repayment of overpaid benefits. There has also been a rapid increase in borrowing on credit cards and poorer […]