Source · Select Committees · Public Accounts Committee
Recommendation 20
20
The pandemic has left more people in vulnerable positions, managing debt alongside other problems such...
Recommendation
The pandemic has left more people in vulnerable positions, managing debt alongside other problems such as serious illness, bereavement and low resilience to financial shocks. The Financial Conduct Authority reported a 15% increase in the number of adults who met one of its characteristics of vulnerability between March 2020 and October 2020.51
Government Response
A response document is linked to this report, dated 27 May 2022. Response attribution to this conclusion has not been verified. Read the response document ↗