'We've had to rein in our spending': how coronavirus has hit household incomes

The finances of a full spectrum of people in the UK are being affected. We ask how they have fared

The pandemic has hit many people hard: jobs have been lost, freelancers have had work cancelled, and many small businesses are struggling. For everyone, even those who carried on working, habits have changed and the credit and debit columns in banks statements look very different to before the lockdown started.

“A full spectrum of people are being affected,” says Guy Anker, deputy editor of MoneySavingExpert.com. “We’re hearing from people who have lost their income completely, while the self-employed are being particularly hit, with people such as those earning £50,000 and those at an early stage of their business and not making a profit, not eligible for government support.”

Continue reading… Source: The Guardian: 'We've had to rein in our spending': how coronavirus has hit household incomes ———