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Daily Mirror
Daily Mirror
Politics
Nigel Nelson

One in three would run out of money within months if recession makes income dry up

One in three adults would run out of money within three months if their main source of income dries up as the UK dips into the longest recession for 100 years.

Yet Chancellor Jeremy Hunt threatens to create a million unemployed by clobbering businesses with tax rises in Thursday’s Budget.

Analysis of new Financial Conduct Authority figures by shadow Chancellor Rachel Reeves shows that 16.5million Brits would be unable to cover living costs beyond 12 weeks unless they borrowed from friends and family.

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