From This is Money:
The number of people who are unemployed has hit 1.64m – increasing by 38,000 in the three months to the end of April. Economists believe this figure may reach 2.3m by the end of next year, which would be the highest level since 1996.
Since the credit crunch began last summer, thousands of jobs have been cut, mainly in financial firms and homebuilders. But with inflation and mortgage bills rising and homeowners cutting back on spending, other areas of the economy may soon be suffering.
As a result, thousands of workers who fear they may be affected have been asking comparison sites and independent financial advisers about Accident, Sickness and Unemployment (ASU) policies.
These cover your monthly repayments on your most important bills if you are forced out of work by an accident or an illness, or are made redundant. However, most customers are interested in the last.
Comparison site Moneysupermarket.com claims it has seen a 15% rise in visitors to its ASU price service. Emma…
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