Britons forced to take loans in order to pay their energy bills, survey reveals

A new survey by Circle Housing Group claims that one in five adults took out a loan in the past 12 months, with around 17% doing so in order to cover their energy bills.

According to a news report on the matter, only a mere 8% of the 2,000 people surveyed had not borrowed money this year, which is quite a worrying reality, all things considered.

Matt Earnshaw, Group Financial Inclusion Manager at Circle Housing said: “These figures are very concerning and demonstrate the difficulties that many people are currently facing when it comes to managing their day to day finances.”

“In the social housing sector we know many are struggling to deal with rising food bills and spiralling energy costs and are being caught out by emergencies and life changing events, such as ill health, which can make debt become unmanageable.”

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