Consumer Prices Index (CPI) inflation reached 10.1% in July - it's the biggest jump in the cost of living since February 1982, when CPI reached 10.4%, according to estimates.
New research has found that an estimated 45 million Britons will be forced into fuel poverty and struggle to pay energy bills this winter. Two-thirds of all UK households – or 18 million families – will be plunged into financial precariousness by January due to soaring inflation – which is already at 40-year record high.
According to the study on fuel poverty by the University of York, the region hardest hit will be Northern Ireland with 76.3% of families battling to make ends meet, followed by Scotland at 72.8%, then the West Midlands (70.9%) and Yorkshire and the Humber (70.6%). The research published by The Guardian newspaper further stated that 86.4% of pensioner couples will fall into fuel poverty.
