61bn

Firms face £61bn coronavirus pandemic debts

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EY Item Club forecasts companies will rack up ‘colossal’ £61bn pandemic debts that many will not start repaying for years By Daily Mail City & Finance Reporter Published: 00:01 GMT, 8 February 2021 | Updated: 00:01 GMT, 8 February 2021 Companies will rack up ‘colossal’ pandemic debts of £61billion that many will not start repaying … Read more

Britain faces £6.1bn personal debt tsunami, StepChange warns

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The coronavirus crisis will leave millions of households facing a £6.1billion collective personal debt tsunami, one of the UK’s most well-known debt charities warns today. The Government should hand out £5billion in grants to those hardest hit financially so they can repay their debts, bring in repayment plans for those behind on their council tax … Read more