A number of changes affecting the finances of UK households will be implemented from March, as the cost of living crisis continues.
February saw grocery inflation rise to a record high of 17.1 percent, potentially adding £811 to annual household shopping bills. It was also announced that the energy price cap will be reduced from April, from the current £4,279 per year to £3,280 for the average household.
However domestic energy bills are still set to rise by an average of £500 a year as the Government’s support for households becomes more limited. But before we get to April, there are a few major announcements which will be made in March.
