Given the inflationary nightmares of 2022, it comes as no surprise that saving money is on everyone’s mind as the new year begins. Rising interest rates, an increase in the cost of food and energy, higher taxes, and a fall in real wages made for an extremely miserable year – with the average household thousands of pounds worse off than the previous year.
I’d love to say that financial pressures will ease this year for UK households, but unfortunately, I can’t see that happening – in my view, things are going to get worse in 2023 before they get better.
