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Brits 'worried about redundancy'

Brits 'worried about redundancy'

Category: Money

Updated: 11/03/2009
First Published: 10/03/2009

MONEYFACTS ARCHIVE
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A fear of redundancy is one of the key worries Britons have in 2009, a poll has revealed.

Research by financial services company Edward Jones showed that this is the biggest concern for 27 per cent of people, with the same proportion of respondents citing the global recession.

Those between the ages of 25 and 34 were found to be most fearful of job losses, with almost of third of this group naming it as their main concern.

And UK principal at Edward Jones Tim Kirley said: "The results of this survey show it is economic factors that are on individual's minds today," adding that the high ranking of the worldwide recession "just underlines how people are aware these days of what is happening across the globe".

The Association of British Insurers recently argued that the rising risk of unemployment makes it increasingly important to take out payment protection insurance for unsecured loans.

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