More than a quarter of households earning less than £20,000 worry they will be unable to cope with higher bills, with families in Yorkshire, the south-west and Northern Ireland the least confident about maintaining their lifestyle, according to the latest rebuilding Britain survey of 20,000 people by Legal & General.
Almost half of UK households are concerned about being able to keep up with rent or mortgage payments over the next 12 months as the majority realise they will have to make cuts elsewhere.
The latest evidence of pressure on household budgets emerges amid the looming prospect of inflation hitting 12% this autumn after dearer fuel and food pushed the official measure of the cost of living to a fresh 40-year high of 9.4% in June.
A one-month jump in petrol prices not seen since at least the late 1980s, coupled with across-the-board increases in food staples such as eggs, milk, cheese and vegetables, sent Britain’s annual inflation rate soaring.
Households are bracing for annual energy bills of up to £3,850 next January, three times what they were paying at the start of 2022 after Russia further squeezed Europe's gas supplies.
Bu hikaye The Guardian dergisinin August 01, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Guardian dergisinin August 01, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Beaumont may step in at RFU if Ilube quits over pay fiasco
Sir Bill Beaumont could be parachuted into the Rugby Football Union as interim chair in the event Tom Ilube falls on his sword amid the botched handling of the executive pay scandal engulfing the game.
'An exciting new era' Everton owners promise return to glory days after £500m deal
The Friedkin Group vowed to restore Everton to their \"rightful place in the Premier League table\" after completing a takeover that brought the turbulent era of Farhad Moshiri to an end.
Friedkin Group brings hope of much-needed stability and ambition
The Friedkin Group's takeover of Everton represents a momentous day for those exhausted and resigned to calamity by the tenure of Farhad Moshiri.
A humble Hamilton hero who was born to score
Ex-coaches in New Zealand on Chris Wood's rise from selfless schoolboy to poster boy at Nottingham Forest
Solanke puts Spurs through despite Forster's blunders
Like a song that changes time signature for the hell of it, like a friend that inexplicably blanks you, like a match report that noodles away for ages instead of just telling you what happened, Tottenham Hotspur remain medically incapable of doing things the simple way.
“The World Cup loss fuelled a fire in me to become the best’
Ellie Kildunne's infectious enthusiasm for the women's game has her dreaming of a Twickenham final in 2025
'Usyk is fighting for his country': Dubois tips Fury to lose rematch
Daniel Dubois, the IBF world heavyweight champion, believes that Oleksandr Usyk will again defeat Tyson Fury in Riyadh tomorrow night.
Coe pledges radical reform in bid for IOC presidency
Sebastian Coe has promised to radically transform the International Olympic Committee if he is elected its next president in March - and says his track record of delivering at the London 2012 Games and at World Athletics shows he is the right choice for the leading job in sport.
Football's new fetish Forget Nicolas Jover and stylish set-piece coaches, bring on the directors of vibes
It's 25 October 2012. Those of you who follow the Austrian regional leagues won't need reminding.
Rush to start work caused enormous cost overruns, says new boss of HS2
Enormous budget overruns on the HS2 high-speed railway have been blamed by its new chief executive on a \"rush to start\", as the Department for Transport admitted it did not know what the line would cost.
