Banks don’t intend to to exacerbate the cost-of-living crisis, but by not providing services to many people who are seen as ‘high risk’, this is exactly what is happening, writes Simon Dukes.
“They won’t even give me an overdraft. I have been with them for years, and I have got nearly £1500 a month going in; they still won’t even give me anything.”
These are the words of a south Londoner in their 50s, in a new report by the financial inclusion body Fair4AllFinance. This individual, stretched financially like so many across the country, says that this lack of overdraft has pushed them towards loan sharks.
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