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They may also struggle to keep up with repayments on their borrowing in 2023. The study estimates that unsecured debt, such as personal loans, now stands at more than £400 billion, which equates to a record high of £16,200 for each UK household. This, with rising interest rates, is leaving household finances worryingly vulnerable, according to the research.
When Google announced in November 2019 that it would start offering a current account, it was the latest shot across the bow of retail banks, coming soon after a series of similar moves into retail banking products by Uber, Apple, and Facebook.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
