High prices threaten to drag more Britons into a chasm

About 40% of adults in the UK have found it difficult to meet their energy bills, according to a survey conducted by the country’s Office for National Statistics.

About 91% said their cost of living had risen, with most citing increases in the prices of fuel, gas, electricity and food as reasons, according to the survey released last Friday.

Four in 10 said they are buying fewer food products, up from about three in 10 in the previous Office for National Statistics survey, according to Bloomberg.

UK consumers are suffering from soaring energy bills, higher taxes and the strongest inflation in three decades, and Britain’s major energy suppliers have warned of a massive increase in the number of people defaulting on their bills.

Families are also increasingly relying on food banks for emergency aid, indicating that the cost-of-living crisis is accelerating and likely to drag more people into poverty.

The Trussell Trust, which supports a network of 1,400 food banks in Britain, said shipments of aid parcels had jumped 14% to 2.1 million in the year to March, compared to pre-Covid-19 levels.

Since the Office for National Statistics first conducted a similar survey in November, the percentage of adults who think they won’t be able to save any money in the next 12 months has gradually increased, rising from 34% to 42%.

By Editor

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