Households facing “double-whammy” of high inflation and looming tax rises
Debt charity comments on figures showing inflation rose to 5.4% in December
The latest UK consumer price inflation (CPI) figures, published today by the Office for National Statistics, show that CPI rose to 5.4% in December, up from 5.1% in November, its fastest pace for 30 years.
“Household budgets are facing a double-whammy of high inflation and looming taxes rises this year.
“This is creating a perfect storm for household budgets – our concern is that this will tip many more households into financial difficulty in the coming months.
“It has never been more important to make sure people receive the free debt advice that can turn their situation around. I would urge anyone who is worried about their finances to seek free, independent debt advice from a charity-run service like National Debtline as soon as possible.”
National Debtline offers free, independent advice at www.nationaldebtline.org.