The Office for National Statistics (ONS) has revealed alarming statistics indicating that a record number of British households are failing to pay their energy bills. In April, more than 2.7 per cent of gas and electricity direct debits bounced due to insufficient funds in people’s accounts.
This figure is the highest since records started in 2019 and triple the rate prior to the onset of the energy crisis. At the same time, there’s been a rise in missed loan repayments, with nearly 3.9 per cent of Direct Debit loan payments failing last month, a significant increase from just over 2 per cent during the pandemic.
Despite a slight reduction in the energy price cap this year, the aftermath of last winter’s soaring bills continues to plague…
