With sole traders and small businesses struggling due to lower consumer spending, higher rates and other overheads, higher wage costs and the looming Brexit uncertainty, saving may seem like an extravagance that many just cannot afford.
We are now facing a similar recession to 2008, however this time personal credit is out of control in UK & NI, the Banks and lending sector seem to have learned nothing from their previous mistakes.
Advice NI has dealt with 270,000 enquiries mostly related to social security issues. Food banks have grown from 2 operating in 2011 to at least 14 this year.
