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READ MOREEnergy bills: Poorer UK households need to cut £1 in every £4 spent to afford to pay
Low-income households will have to cut their spending by 24% in order to afford their energy bills, according to a think tank.
Poorer households will have to cut back almost £1 in £4 of “non-essential” spending in order to be able to put on the heating, pay the rent, and afford food, transport and communication in the first three months of 2023, the Resolution Foundation said.
With record high energy prices set to climb even higher in winter, the think tank warned that a typical low-income household paying by Direct Debit would need an extra £418 to pay their energy bills over the first three months of next year than was expected back in May 2022.
Read more at Yahoo Finance
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