More than eight million households will start to receive the first of two payments totalling £650 to ease cost of living pressures from Thursday. Here's how to know if you're eligible 👇
The forecasts are based on what an average household will spend on gas and electricity in a year. A household that buys more energy could see higher bills.
Around half of people reported that they were buying less food when food shopping and 48% said they had to spend more than usual to get what they normally buy.Nearly half of respondents reported that they were buying less food when food shopping The OBR said: ‘Many threats remain, with rising inflation potentially tipping the economy into recession, continued uncertainty about our future trading relationship with the EU, a resurgence in Covid cases, a changing global climate, and rising interest rates all continuing to hang over the fiscal outlook.’British families are nearly £9,000 worse off than households in comparable countries due to a ‘toxic combination’ of low growth and inequality, according to a new report.
It found the poorest households are at an even greater disadvantage, with their incomes 40% behind in the comparison against five nations – Australia, Canada, France, Germany and the Netherlands.
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The best Prime Day graphics card dealsJoe is a regular freelance journalist and editor at Creative Bloq. He writes, news and features, updates buying guides and keeps track of the best equipment for creatives, from monitors to accessories and office supplies. A writer and translator, he also works as a project manager at a design and branding agency based in London and Buenos Aires, Argentina, where he manages a team of designers, photographers and video editors. He enjoys photography and wellness and also dances tango.
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