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Just in time for the BOE discussing negative interest rates.
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I've got an ONS financial survey booked for this evening. Usually takes 1.5 to 2 hours. This time by phone rather than in person.
One of the questions they ask is something like "If you got an unexpected bill of £1000 that needed to be paid within the next few days would you be able to pay it?"
There are a surprising number of people who simply can't do that. No savings, no credit cards, etc.
sohi
Greenbank
@greentricky
The upside of the saving is I read a press release from Natwest the other day that stated:
That is a horrible, stressful way for anyone to live without a financial safety net