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The Independent UK

Business

Vicky Shaw

More than 10 million UK adults struggling with bills and credit repayments – FCA

FCA United Kingdom HSBC UK Sheldon Mills Insurance UK Finance

Around one in five adults were finding bills and credit commitments a heavy burden by the start of this year, according to the City regulator.

The number of adults struggling this way is estimated to have increased by 3.1 million since May 2022, the Financial Conduct Authority (FCA) said, jumping from around 7.8 million (15%) in May last year to 10.9 million (21%) in January 2023.

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