Posted on 20th May 2020 at 16:10
Have you been furloughed, taken a pay cut, or lost your job as a direct result of COVID-19 and Lockdown? Are you still working but worried about the long-term impact on your income? Many people are feeling just as anxious about finances as they are about catching the virus. Yesterday, the Chancellor of the Exchequer, Rishi Sunak told us not to expect a quick economic recovery and that the number claiming Unemployment Benefit soared in April.
Nobody could have planned financially for this or saved up and put money aside; it was not a predictable loss. However, the loss of income or loss of financial security is causing pain and disruption.