In the UK, the cost of living is increasing at its fastest rate for almost 30 years. Around two thirds of adults say they have seen their cost of living jump over the past month, figures from the Office for National Statistics (ONS) reveal.
People have been hit by steep increases in the cost of energy bills as well as essentials like food and clothes. READ MORE: The simple change you can make to your boiler that can save you money on your gas bill Last month, inflation soared to 5.4 per cent - the highest rate since March 1992 - and experts have warned that the cost of living will continue to climb over the next few months.
Worryingly, the Resolution Foundation has predicted that households can expect outgoings to increase by around £1,200 this year.
Along with rising energy bills, Brits are also facing a one-year 1.25 per cent National Insurance rate rise, which is due in April, to help pay for social care and NHS funding.Read more on manchestereveningnews.co.uk