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Pawnbroking surges in UK amid cost of living squeeze

Pawnbroking surges in UK amid cost of living squeeze

The customers that walk through the doors of Ramsdens pawnbrokers use the lending service in starkly different ways.

“We’ve got a very good customer [with] a platinum Rolex, which is probably worth about £50,000 [or] £60,000,” said Peter Kenyon, the company’s chief executive. “He’s a builder and when his cash flow is short he gives us the Rolex, borrows between £10,000 and £20,000 . . . pays interest at 2 per…


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