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Pawnbroker profits in the UK are up – the industry has been a constant through history for people in poverty

By Joseph Harley, Senior Lecturer in History, Anglia Ruskin University

For a clear signal that the cost of living is still biting for many, you just need to look at how business is booming at the UK’s largest pawnbroker, H&T. The company recently reported a 12.5% rise in pre-tax profits to £9.9 million for the first half of 2024.

Some media outlets have been quick to link these profits to rising poverty and the cost…

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