Recession means heavy burden for working Britons

Posted: June 28th, 2010

It has been suggested that Britons are becoming more and more stressed at work, as the recession pushes up workloads and puts many small companies under pressure, requiring employees to put in extra effort and hours for little reward.

Financial experts have said that debt help could be needed if concerns over money owed are forcing people to work too hard.

A recent study has agreed that people are increasingly taking on too much work following the recession, possibly fearing unemployment or loss of income if they aren’t seen to be working hard.

Workloads are regularly preventing one in four people in the UK from taking a lunch break, a study from the Chartered Society of Physiotherapy has revealed.

In addition, 54 per cent of workers said that they “always or usually” go to work when feeling stressed of physically unwell.

Ben Willmott, senior public policy advisor for the Chartered Institute of Personnel and Development, said these statistics have coincided with “increased concerns about job insecurity”.

Earlier this year Aviva revealed that the recession had led to an increase in personal financial worries. The group claimed that 23 per cent of businesses said recent economically difficult times have left a lasting mark on employee stress levels and increased long-term sickness leave.

Those relying on overtime to help make ends meet have been advised to consult professional debt help, which can help relieve some of the stress associated with a pressure to earn more.

Kevin Still, debt expert and director of Atlantic Financial Management, commented: “Financial stress and concerns over job security aren’t a good mix, especially if you have limited financial reserves. This is probably the case for over 19 million people in the UK.

“There is a danger that working too hard may mean time off through sickness and then coming back too quickly, and so the cycle goes on. Many people are borrowing to make ends meet and so a debt spiral can arise that will explode if there is a major loss of income.

“Loss of income remains the number one reason for people starting a Debt Management Plan (DMP) with Atlantic Financial Management, though a debt spiral is a close second.”

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