Britain is facing a new worst enemy, research shows.
Fears over terrorism are no longer the biggest issue facing Britain as money worries have overtaken them to occupy the top spot. According to research carried out by AXA, some 53 percent of people think financial problems are the most serious issue the nation has to deal with at the moment - up from just 21 percent a year ago.
In 2007, immigration was ranked the most pressing issue by 26 percent of people, followed by terrorism, which was cited by 23 percent. Today however, the percentage of people naming immigration as the top concern has fallen to 15 percent, while just three percent listed terrorism.
The high level of anxiety Britons feel over their personal finances may be justified, as a new survey by Abbey Banking reveals that 64 percent of people are running out of money before payday each month.
Despite this, the AXA survey shows that just one-quarter of British consumers have sought financial advice to help them manage their money and make it work harder for them.
AXA spokesman Steve Folkard said: "Financial concerns can easily monopolise every waking thought, at home and at work, causing serious psychological problems.
"Money worries have a big impact on personal and professional relationships and in extreme cases they could even result in divorce and slower career progression, as people take out these frustrations on those around them."
