MILLIONS of households missed their mortgage payments and energy bills this month, research shows. Consumer group Which? said around 2.5 million people failed to make ends meet in March as the cost…
Even with the energy price guarantee frozen until June 30, most people will see their energy bills rise next month.
Depending on which inflation measure they use - check in your contract - this would take a monthly bill of £50 up to £55 based on consumer price inflation and £56.70 if they use retail price inflation. Even where people are managing to keep up with bills, three out of five said they'd been forced to cut back on non-essential spending to afford the mortgage, groceries and other day-to-day basics.
Another, a 40-year-old woman from Scotland, said she is anxious about the future and struggling to pay upcoming bills. He added: “I’ve had to put some bills on hold and have had to cut my spending on groceries. I’m also borrowing from family from time to time.”A range of cost-of-living support is available. People can visit theAs part of the support being given, millions of households across the UK will automatically receive a £301 payment from the Department for Work and Pensions between April 25 and May 17.
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