Londoners have cancelled more Direct Debits than anyone else in the country since Covid-19 shut the country down. A study has found one in five of those in the capital have already cancelled some of their non-essential monthly payments, and a further 26 per cent are thinking about it.
Meanwhile, just 13 per cent of people in the east Midlands have put a pause on subscriptions like Netflix, veg boxes or National Trust memberships.
Craig Tillotson, CEO and co-founder of payments service Ordo, which commissioned the study, said: "The UK lockdown means many of us are having to take a much closer look at our personal finances. "With growing uncertainty about their income, consumers want a tighter grip on money matters, and many are using this