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Home»Economy
Economy

UK reports most direct debit failures since at least early 2019 By Reuters

News RoomBy News RoomFebruary 16, 2024
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© Reuters.

LONDON (Reuters) – The share of failed direct debit bill payments in Britain rose last month to its highest since at least January 2019 when data collection began, figures from the Office for National Statistics showed on Thursday.

The increase in total failed direct debit payments, an automated method for households to pay their bills, to a rate of 1.07% was driven mainly by a 32% increase in unmet electricity and gas direct debits.

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