Business
North Tyneside GP says debt stress causing mental health issues
A GP says patients are presenting with mental health problems because of stress they feel over their levels of personal debt.
According to Citizens Advice, north-east England has the second highest number of people who require professional assistance with debt problems – only London is higher.
Debt charity StepChange said in 2024 the highest concentration of their clients were in the North East, with 37 clients per 10,000 adults.
Dr Kamlesh Sreekissoon, who works as a GP in North Tyneside, said people were juggling “three or four jobs” in the build up to Christmas in order to manage and subsequently struggling with their mental health.
The most common reason for personal debt as reported by Stepchange’s North East clients is a rise in the cost of living (19.3%) and a lack of control over finances (19%).
Both these statistics outstrip the UK figures of 17.7% and 17.9% respectively.
Citizens Advice said thousands of people were falling deeper into debt to meet the cost of basic essentials such as food and fuel, rather than luxuries, but that people also felt under pressure to provide for Christmas.
Dr Sreekissoon said the stress caused by the debt people faced was compounded by issues relating to their family situations.
“At this time of year you will see people juggling three or four jobs, also after caring for elderly relatives, parents, [they’re] stressed out and unfortunately struggling with their mental health,” said Dr Sreekissoon.
He said the debt his patients described was not caused by buying unnecessary things, but by simply struggling to make ends meet.
“It’s more the basics,” he said. “I see people taking on working long hours, doing two or three jobs, and just being kind of stretched out, not being able to see their kids, and that just burns people out which is really sad to see”.
Business
Isle of Man price rise contingency plans ‘ready if needed’
The Manx treasury says plans are in place to protect essential services in the wake of the Iran war.
Source link
Business
World’s biggest condom maker Karex set to raise prices due to Iran war
Malaysia-based Karex produces more than five billion condoms a year and supplies global brands like Durex and Trojan.
Source link
Business
I was left with an £8,000 vet bill when my insurer cancelled my pet policy
Tesco Pet Insurance, who provided the cover, says “the cost of claims is one of a number of factors that can affect the price of a policy at renewal” and also noted Tilly’s age had been reflected in the quote. It says the couple had a more comprehensive policy, which typically costs more than basic levels of cover, and that alternative options were presented to Fawcett and Neild.
-
Fashion6 days agoFrance’s LVMH Q1 revenue falls 6%, shows resilience amid Iran war
-
Sports1 week agoThe case for Man United’s Fernandes as Premier League’s best
-
Business1 week agoUK could adopt EU single market rules under new legislation
-
Entertainment7 days agoIs Claude down? Here’s why users are seeing errors
-
Fashion1 week agoEnergy emerges as biggest cost driver in textile margins
-
Business1 week agoDelta Air Lines unveils first new Delta One suite in premium cabin arms race
-
Fashion1 week agoAsia claims largest share of markets on Kearney FDI Confidence Index
-
Tech7 days agoThe Deepfake Nudes Crisis in Schools Is Much Worse Than You Thought
