‘It kind of makes debt cool – and it’s not’

As more online shops start using tech firms like Klarna or Clearpay to offer “buy now, pay later” options at the checkout, some MPs are worried people could be tempted into spending more than they can really afford.

They want the government to tighten up on the industry.

BBC political correspondent Helen Catt explores the reasons people are falling in to debt.

Video by Nick Raikes and Bex Bailey

Recent Posts

Mask-wearing on public transport sees big drop

"Even on London Transport, where it is supposed to be a condition of carriage, just like paying a fare, the policy is coming apart at the seams and as more people see others failing to comply, the situation will escalate quickly over the autumn," he said.

read more

Government strikes deal to restart CO2 production

Andrew Opie, director of food and sustainability at the British Retail Consortium, also welcomed the deal but said it was "vital" that production "is restarted as soon as possible, and [CO2 is] distributed quickly to food manufacturers in need of it".

read more

Government borrowing falls in August

High levels of government coronavirus support, combined with less money coming into the exchequer due to the pandemic and a fall in economic output, have pushed government debt up to more than £2.2 trillion, or about 97.6% of GDP - a level not seen since the early...

read more