Poorest households face biggest squeeze from rising UK inflation

Insolvency specialist Begbies Traynor has warned that higher wage bills and prospects for fewer interest rate cuts will keep company failures at high levels, as it revealed its own cost hit from the recent Budget (Alamy/PA) -

The UK’s poorest households have faced the brunt of the recent rise in inflation, according to official figures.

New analysis from the Office for National Statistics (ONS) found that the country’s lowest-earning households saw their cost of living rise by 4.1% between April and June.