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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

Demand for debt services by Lloyds customers jumps 30%

General view of signage at a branch of Lloyds bank
Lloyds says eight in 10 of its customers have less than £500 of savings in their current and savings accounts. Photograph: Tom Nicholson/Reuters

Demand for debt services among Lloyds Bank customers has jumped by 30% in the first six months of the year, as the cost of living crisis takes its toll.

Amid a squeeze on living standards, research from the bank indicates three-quarters of its 26 million UK customers were worrying about rising prices and the impact it is having on their savings.

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