Britons’ use of consumer credit is rising with the cost of living
That makes robust regulation more urgent
“IT WAS EITHER use buy-now-pay-later (BNPL) or starve, so I used it.” Audrey, a pensioner who had been unable to pay for a £40 ($53) food shop, admitted this to Citizens Advice, a charity. “I sort of knew I would struggle to make the repayments but I did not have any other way of getting food.” She decided to spend the money on canned food rather than fresh produce so it would last longer.
This article appeared in the Britain section of the print edition under the headline “The borrowers”
Britain April 9th 2022
- Britain has entered a third phase of post-war immigration
- Making deliveries via the Thames
- Britons’ use of consumer credit is rising with the cost of living
- Suella Braverman, a Johnsonian lawyer
- Who might buy Britain’s Channel 4?
- No-fault divorce begins this week in England and Wales
- The cruelty of the British state
From the April 9th 2022 edition
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