About 700,000 UK households missed rent or mortgage payment last month

Which? figures show Britons struggling with loans, cards and bills as interest rates and inflation soar

An estimated 700,000 UK households missed or defaulted on a rent or mortgage payment last month, according to data issued days before another expected rise in the cost of borrowing.

Missed housing payments were particularly high" among renters, said Which?, the consumer body that issued the figures, affecting one in 20 tenants surveyed.