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Bank claims: 17.1% of UK at risk of poverty

Many Brits could be at risk of falling into a debt of spiralling loan charges, bank claims and credit card debts, with recent data from the Office of National Statistics revealing 17.1 per cent of the UK populace are 'at risk' of poverty.

This is the equivalent of 10.7 million people, with this demographic defined as those with a disposable income of less than 60 per cent of that held by the nation's median.

In 2005, 19 per cent of the country's population were defined as 'at risk', although this declined following the economic downturn, which caused a fall in the UK's median disposable income.

The overall 'at risk' rate in the European Union is 16.4 per cent, with the highest rates seen in Latvia (21.3 per cent) and the lowest in the Czech Republic (nine per cent).

According to data from the Department of Work and Pensions, 3.8 million children in the UK live in poverty at present.

John Fieldman
Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801379687-ADNFCR

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