The rising cost of food, petrol and energy has been squeezing Britons’ purse strings for months with official figures confirming what many people a
The rising cost of food, petrol and energy has been squeezing Britons’ purse strings for months with official figures confirming what many people already know – pay packets are straining to keep up with inflation. Although pensioners will be the hardest hit by these rising prices, other Britons have been telling Express.co.uk how they are worried too.
Inflation is at the highest level it’s been for 30 years and unfortunately things are set to only get worse as energy bills are forecast to rise again in April.
If they increase by another 50 percent as predicted, it could be the last straw for families who say they have nothing left.
Gen Edwards, 64, said she’s not drawing her pension yet but she doesn’t know how she’ll manage when she reaches state pension age.
Gen said: “For the last two years I’ve been working as an entrepreneur in my own energy healing business and anticipate that I’ll be working until I’m around 80.”
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Claire continued: “Life is hard being a single woman and the bills still keep coming in and living off of very little.”
She’s recently set up a new home based business Clipboard Claire which she is hoping will fare better.
Readers have also been taking to Express.co.uk to vent their fears.
Robert180650 said: “You ain’t seen nothing yet as the song goes.”
He continued: “Energy price cap set to rise, National Insurance to go up 1.25 percent, oil prices still rising, being ripped off everywhere you look.”
Another user Tocopherol highlighted that energy bills are set to rise further in April.
They said: “The energy price cap increase could see inflation rise to seven percent and worsen the cost of living crisis.
“The energy regulator Ofgem is currently reviewing the legal cap on energy bills for domestic consumers.”
Tocopherol added: “Due to sky-high wholesale gas prices, the cap is expected to rise by around 50 percent – which would push average household costs of gas and electricity from £1,277 a year to as much as £2,000 from April.”
Anyone looking for help with their finances should check that they are receiving all the Government help they are entitled to.
An HM Treasury spokesperson said: “We’re providing support worth around £12billion this financial year and next to help families with the cost of living.
“We’re cutting the Universal Credit taper to make sure work pays, freezing alcohol and fuel duties to keep costs down, and providing targeted support to help households with their energy bills.”