Economics
Covid Forced About 1 in 5 British Adults to Go Deeper Into Debt
- Reports show how inequality gap is widening in the pandemic
- Data reveal gulf was getting worse even before crisis struck
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Almost 9 million people in Britain had to borrow more money by the end of last year to help them through the coronavirus crisis, according to new figures that show widening gaps between the rich and the poor.
That’s about a fifth of the U.K’s adult population of 47 million people. The findings feed a debate about how Boris Johnson’s administration can best protect segments of the population like the young and lowest paid who have taken the hardest economic hit during the crisis.