Nearly seven million people say they have “nothing left” to cut back on in the face of a looming wave of crippling energy price hikes, research has revealed.
The number warning that they have no financial slack rose to more than one in four among low-income households. In Scotland, just 52% were confident that they could maintain their “current lifestyle” in the coming year- compared with 56% across Britain.
Millions of households are already in the grip of the ongoing cost-of-living-crisis following a surge in energy, food and fuel prices. Experts warn that the situation is set to worsen, with inflation predicted to still rise from its 40-year-high of more than nine per cent to 12% in the autumn.
