Many Britons are left with no spend

One in five Britons do not have any money left after meeting all of their outgoings each month.
By The Newsroom
Published 11th Jun 2011, 07:00 BST

Around 21 per cent admitted they had no cash left for spending or saving after paying for essential items and covering all of their bills, according to discount website MyVoucherCodes.co.uk.

A further 26 per cent claimed their salary did not even cover all of their outgoings, meaning they were permanently in the red.

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Only 4 per cent said their financial situation was very good, while 19 per cent said it was good, but 50 per cent of those questioned claimed their finances were in either a bad or very bad state. Mark Pearson, chairman of MyVoucherCodes.co.uk, said: “I think it’s quite shocking to see that 50 per cent of the people we spoke to either rated their financial situation as bad or very bad.

“Times are unfortunately tough.”