Britain’s poorer households face a cost of living crisis this winter and next spring with the main welfare benefit being cut by £20 a week and food and energy bills set to rise another £7 a week in a rare squeeze on incomes.
All families will face higher energy and food bills in the autumn with those coming off fixed price energy contracts or cheap deals facing increases of up to 50 per cent in their bills.
There will be little respite in the spring because economists are predicting further surges in gas and electricity prices along with big tax increases on earnings from April following chancellor Rishi Sunak’s decision to increase income tax and national insurance revenues.
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