People in precarious positions are most affected: Most people (80%) contacting the charity were renters, even though only a third of UK households rent. More than a fifth (21.5%) of new clients single parents, though only 6% of UK households are single-parent families.
The Bank of England has hinted it's going to increase interest rates in the UK, which will make debt more expensive. By setting interest rates low, the Bank of England encourages people to spend money, which helps businesses out, but can also increase inflation as more spending encourages businesses to raise their prices. The Bank thinks people are getting a bit richer, so can handle higher interest rates, which will mean people will pay more on the cost of their debt. StepChange is saying that could really harm a lot of people in the UK.