Sharon McDougall - Updated - 15th September 2020 - 2 minutes to read
More than a third of workers in Scotland are fearful that they might lose their jobs at some point over the next 12 months.
According to a new piece of research, there are concerns about job security among as many as 37 per cent of people currently employed across a full range of industries and all parts of the country.
Worryingly, around one in five of the Scots recently polled said their financial situations are such that they fear they might soon lose their homes either because they stop being able to pay rent or they fall too far behind on their mortgage repayments.
More than a quarter of people quizzed on these issues said that they worry about being able to make their unsecured debt repayments, while 22 per cent aren’t certain they’ll be able to keep paying their energy bills for the next 12 months.
Close to 40 per cent of Scots said they are concerned about their incomes one way or another, with the UK seemingly on course for a significant rise in unemployment in the latter months of 2020.
“That there is such widespread concern over job security over the next year shows the size and scale of the economic storm people in Scotland are facing as a result of the pandemic,” said Mhoraig Green, a social justice spokesperson for Citizens Advice Scotland (CAS).
Ms Green and the CAS have called on the governments in London and Edinburgh to take swift action to support people’s incomes as the coronavirus crisis continues, particularly by maintaining the furlough scheme that has protected so many people’s jobs in recent months.
“The UK and Scottish governments, as well as local government and industry, took swift and decisive action at the start of lockdown to ensure people were protected,” Ms Green said.
“The furlough scheme has been so crucial in this, but it is now set to wind down in October along with other protections. Our concern is that many people will face new levels of financial insecurity which will see poverty levels soar.”
If you live anywhere in Scotland and you’re worried about your personal debts or how to handle your creditors then Scotland Debt Solutions can help. Contact us directly to arrange a FREE and confidential consultation.
Sharon McDougall
Manager
Levels of unsecured debt in Scotland increased dramatically during 2022 as the cost of living crisis took its toll on household finances.
Close to half a million Scots are in a position of profound financial hardship, according to a new set of figures.
Disabled people in Scotland are being urged by the government to check whether they might be eligible for benefits that could help make their life a little easier.
About
Why Choose Us
5 Offices in Scotland
National Coverage
Ask us About
Home Visits
Helping Scots Get
Out of Debt Since 1989
We offer an
Instant Initial Consultation
We'll Help You
Lower Monthly Payments
HELPING SCOTS GET
Out of Debt Since 1989
We'll give you a call
Our Scottish based team can help advise you on your debt problems.
Tools
Useful tools
Our personalised debt report will help you better understand your financial position and see where your money is going.
Arrange a call with an expert advisor at a time to suit you or contact our team via WhatsApp for immediate help and advice.
We have five offices located across Scotland. Find your nearest one here.
Our Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority
Fees and Information: There are fees associated with our services. These will be fully explained before entering into any of the personal debt solutions referred to on this website. Full details of our fees and how these are charged are fully explained to you prior to you committing to any particular service.