According to recent findings from the Financial Conduct Authority (FCA), more than 7.4 million individuals across the UK encountered challenges in meeting bill payments or credit repayments in January, underscoring ongoing financial strain among a significant portion of the population.

7.4 Million UK Consumers Struggle to Pay Bills, Financial Regulator Finds

The Financial Conduct Authority (FCA) reveals that over 7.4 million individuals in the UK faced difficulties in paying bills or credit repayments in January, a figure indicating ongoing financial strain despite improvements from last year. The regulator emphasizes the importance of seeking help from lenders and debt advisers, highlighting available support options for those experiencing financial hardship.