Demand at UK’s biggest pawnbroker at record high amid cost of living crisis

Borrowing from H&T Group exceeds pre-Covid high with no relaxation of lending criteria

A record number of people are pawning items to borrow money from Britain's largest pawnbroker amid an escalating cost of living crisis.

H&T Group said pledge lending" - lending secured against a customer's valuable items such as watches or jewellery - was at record levels, in a trading update published on Monday.