Default rate for energy bill direct debits hit record high last month, says ONS

2 months ago 14

Rommie Analytics

Figures show households struggling as more than 2.7% of direct debits for gas and electricity failed due to lack of funds

Business live – latest updates

A record proportion of British households were unable to pay their energy bills by direct debit last month because there was not enough money in their bank accounts, according to official government data.

More than 2.7% of direct debit payments for gas and electricity defaulted in April due to insufficient funds, the latest figures published by the Office for National Statistics (ONS) have revealed.

Continue reading...
Read Entire Article