Almost one million drivers (950,377) had their Direct Debits cancelled in the financial year 2021-22, an increase of 9% on the 862,529 on 2020-21. This is, however, still fewer than the 1.1m cancelled in 2019-20.
Perhaps even more concerning is that between April and December 2022, nearly three-quarters of a million (721,486) had their Direct Debits cancelled which, if this trend continues during the cost-of-living crisis until April 2023, could mean an even bigger total than the 2019-20 financial year.
