Households face cost-of-living ‘catastrophe’ in 2022 with £1,200 hole in budgets

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Households face cost-of-living ‘catastrophe’ in 2022 with £1,200 hole in budgets
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  • 📰 The Independent
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2022 is set to be the ‘year of the squeeze’ for millions of Britons

Bills are expected to jump by £600, but the foundation said that even this may be an underestimate. Other experts have forecast the government’s energy price cap will jump by more than £700 to around £2,000 a year for the average household, as suppliers pass on the cost of record-breaking wholesale gas prices.

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