The year of the squeeze: Why the cost-of-living crisis highlights the need for protection

The financial fallout of the pandemic has unfortunately left many UK households and businesses with an unsustainable burden of debt. While government support helped both people and businesses alike with initiatives like the furlough scheme, it has now petered out and many find themselves feeling the pinch on their finances. To exacerbate this, according to Legal & General's Deadline to Breadline research, one in five households have no savings at all. The current rise in the cost-of-living places further pressure on finances and people are understandably looking for ways to limit thei...