Laura Suter: How the public's finances are looking as lockdown eases

Written off credit card debt

Laura Suter: "For some the crisis will have a long-lasting impact on their money."
Laura Suter: "For some the crisis will have a long-lasting impact on their money."
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As the UK starts the slow process of unwinding lockdown, the financial impact of the shutdown is starting to emerge and the big picture of the Government’s finances are becoming clear to see, from the cost of the Job Retention Scheme to the predictions of a looming recession. However, writes Laura Suter, it’s a bit trickier to pinpoint the impact on the UK public’s finances...

What is being revealed by early data is a country divided - between those who have financially coped with lockdown (and in some cases actually thrived) and those who have been hit hard and will be paying...

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