Even though inflation has dropped a lot from its peak in October 2022 of 11.1 per cent, the highest rate in 40 years, it doesn’t mean prices are going down—they’re just rising more slowly.
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New guidelines could help thousands of Britons cut their debt
Companies have been told by the Government’s Insolvency Service to consider the impact of rising prices and its effect on household incomes -meaning debts could be written off or repayments halved.
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How can you cope with the cost-of-living crisis?
Many are feeling the impact of the increasing cost of living on their finances, with the inflation rate soaring to a 30 year high of 6.2 per cent in February.
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Cost of living crisis: UK inflation rises to 30-year high
The soaring cost of goods and services have pushed the UK inflation rate to its highest level in almost 30 years, a major study has revealed.
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