The cost of living squeeze will get stronger in April as households face soaring bills on top of a 1.25 percentage point national insurance hike to help pay for health and social care.
The state pension and some benefits will be uprated by 3.1% in April – but inflation could hit a 40-year high of 8.7% in the fourth quarter of 2022, according to the Office for Budget Responsibility (OBR).
