No regional divide regarding debt concerns

Mon, 31 Oct 2011

There is no clear divide between the north of England and the south with regard to the number of people expressing concerns about personal .

This is the suggestion of new research from Lloyds TSB, which showed a steady increase in the amount of consumers feeling marked financial strain throughout all UK regions.

According to the company's Spending Power Report, the north-east and the West Midlands are home to the greatest percentage of individuals feeling the pinch at present.

It was demonstrated that 58 per cent of those residing in these areas currently feel pessimistic about their monetary situation and their prospects for the future.

This sentiment was also reflected in London, with 53 per cent of people living in the capital stating they are apprehensive about their financial security.

Jatin Patel, current accounts director at Lloyds TSB - which is part of Lloyds Banking Group - said it is unsurprising that so many people are worried about falling into difficulties.

The industry figure stated: "It seems that falling incomes and the increasing cost of living in an expensive city are taking their toll on those living in the capital."
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