Laura Sharman 23 April 2020

Report uncovers high debt levels in Northern England and Wales

People living in large cities and towns in Northern England and Wales have the most debt and will be hit hardest by a post-Covid economic downturn, research has found.

Centre for Cities has mapped debt levels in England and Wales for the first time.

The research discovered that those in Northern England and Wales have the highest level of debt relative to their incomes, owing £1 for every £5 they earn.

Meanwhile those living in Oxford and Cambridge owe just 35p for every £5 they earn.

Centre for Cities chief executive, Andrew Carter, said: ‘To avoid people without a decent financial cushion falling into severe hardship, lenders should continue to offer relief to those in debt, and the Government should reduce the wait time for the first Universal Credit payment down from five weeks.

’Failure to support people with high levels of debt during this crisis will have a broader negative impact on the local economies of places where people are indebted – particularly those in Northern England and Wales.’

SIGN UP
For your free daily news bulletin
Highways jobs

Business Support Officer (Museums & Galleries NPO)

Kirklees Metropolitan Council
£16,765 - £17,607
This is an exciting opportunity to support Kirklees Museums and Galleries in the development of its ambitious vision Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Higher Level Teaching Assistant

Durham County Council
£30,024 - £33,699 pro rata
Higher Level Teaching Assistant Grade 7 £30,024 - £33,699 pro rata Full time, term time only + 2 weeks Permanent Required from 3rd November.  We wish Stanley
Recuriter: Durham County Council

Team Leader - Communication and Interaction

Durham County Council
Leadership 6 - 10 £58,569 - £64,691
We are looking for a Team Leader to join our highly valued and well-established Specialist SEND and Inclusion Support (SIS) Service. This is an addit Spennymoor
Recuriter: Durham County Council

Senior Business Analyst

North Yorkshire Council
£47,181 - £51,356 per annum
Do you enjoy analysing problems, identifying opportunities, and delivering practical solutions? Scarborough, North Yorkshire
Recuriter: North Yorkshire Council

Senior Business Analyst

North Yorkshire Council
£47,181 - £51,356 per annum
Do you enjoy analysing problems, identifying opportunities, and delivering practical solutions? Selby, North Yorkshire
Recuriter: North Yorkshire Council
Linkedin Banner