Step Change publishes latest client Covid-19 data report

Industry News | 21/12/20

The covid-19 pandemic has delivered a significant blow to household finances. The need to lock down large swathes of the economy for extended periods has meant that many have lost work, resulting in large income shocks. Government support in the form of the furlough scheme, the self-employed income support scheme and the £20 uplift to Universal Credit, among other initiatives, has quelled some of this shock.

Step Change has used data from its clients to understand how the pandemic has affected personal finances in the UK, from April to October 2020.

Source: Step Change