Millions of households across the country are facing a significant squeeze of their budgets this year due to spiralling costs of living, coupled with slower wage growth.
The Office for National Statistics (ONS) found 66% of people have reported their cost of living has increased in the past month, with energy prices being a growing expense.
Nearly 30 energy suppliers have gone bust in the last year after being caught in the squeeze between the price cap and rising gas prices and earlier this week, analysts at consultancy Cornwall Insight said they think the price cap might hit £2,900 for the average household in October.
