Demand for Pawnbroking Reaches ‘Record Levels’ in Britain

Demand for Pawnbroking Reaches ‘Record Levels’ in Britain
Signage for pawnbroker shops on Lewisham high street in London, in this file photo. The price of gold had a steep drop lately, leading analysts and other financial experts to speculate on the cause. Oli Scarff/Getty Images
|Updated:
0:00

The chief executive of the UK’s largest pawnbroking operator said that demand for pawnbroking services in Britain has surged due to high costs and a lack of viable alternatives.

Last week, the pawnbroker H&T said demand for its services had “gathered momentum” in the first six months of the year, as its profit increased, with people increasingly turning to pawnbrokers to access cash.

Owen Evans
Owen Evans
Author
Owen Evans is a UK-based journalist covering a wide range of national stories, with a particular interest in civil liberties and free speech.
Related Topics