Twenty two per cent of people in Northern Ireland think that they are in the worst financial position that they have ever been in.
That’s according to research from the UK’s leading fair loan price comparison site, FairMoney.com.
With plans emerging to move the House of Lords to York in an attempt for the Conservatives to highlight their desire to tackle regional neglect, there is a huge task at hand for Boris Johnson’s government.
There are still wider issues regarding regional disparities that need to be looked at and personal finance remains a hot topic that will need to be addressed.
FairMoney.com’s national research has shown that 10.5 million Britons are in their worst financial state on record, with over 53 per cent of Britons saying that their weekly disposable income was less than £0.
Of the 10.5 million Brits in their worst financial state ever, FairMoney.com has revealed which regions are suffering the most.
In the North East, 28 per cent think that they are in the worst financial position that they have ever been in while in Scotland that figure is 25 per cent.
In the West Midlands, 24 per cent believe their finances are rock bottom while in Northern Ireland, that figure is 22. Faring best is the North West with 21 per cent stating that they are in the worst financial position that they have ever been in
Dr Roger Gewolb, Founder and Executive Chairman of FairMoney.com, said the UK for the last several years has been battered by the political chaos caused by the Brexit limbo.
“Now at the very least, we have a government with a firm stance that is delivering a definitive resolution to Brexit. However, this does not necessarily resolve the poor state of personal finance in the UK.
“The regions in particular need an awful lot of close inspection and relief. The move of the House of Lords is indicative that the regions are very much on the agenda for this government, but ultimately, there needs to be concrete action taken to rectify the poor state of personal finances across the UK,” he said.