- Debt arising from cost of funerals in UK Archived Message
Posted by Mary
on September 4, 2019, 11:56 am
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'Funeral debt in the UK is at £131 million, with people taking on an average of £1,744 of debt to pay for a funeral – an all-time high A funeral now costs an average of £3,757, which is a 6% increase over the last five years Kensal Green, in London, is the most expensive location in the UK, with a burial now costing almost £12,000' https://www.royallondon.com/media/press-releases/2018/september/buried-in-debt-mourners-borrow-1700-to-pay-for-loved-ones-funerals/ ie exploitation of the bereaved. Many of the funeral companies belong to a group. There is a monopoly. There is an article in iNews today but I couldn't find a link. Awful website. The same info from this site, which is an insurance company's. I expect they want to flog us cover. UK funerals market faces double probe Treasury and consumer watchdog to review competition and pricing in £2bn sector https://www.ft.com/content/644d85ea-6561-11e8-90c2-9563a0613e56 So what happened after the 'probe'. That was dated June 2018. |
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