Sunday, 5 May 2013

Twenty per cent of households in the UK cannot afford food costs and survive by getting into debt

British economy at breaking point

It is estimated that 5:000,000 cash-strapped families in the United Kingdom are now using loans and credit cards to eat. Richard Lloyd, Executive Director of ‘Which?’ indicated that ‘many households are stretched to their financial breaking point, with rising food prices being one of the top worries for squeezed consumers’.

Twenty per cent of households are not be able to afford food costs and have been forced to use savings, credit cards, overdrafts and loans.

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