News in Review Wednesday 5th January 2022 - DGS Chartered Financial Planners
News in Review Wednesday 5th January 2022

News in Review Wednesday 5th January 2022

As wages stagnate, and energy bills and taxes rise, the latest quarterly Labour Market Outlook released by the Resolution Foundation has warned that millions of families face a ‘year of the squeeze’ in 2022, potentially leaving the average household £1,200 worse off. The expected rise in the energy price cap and National Insurance contributions in April are key contributors, culminating in what the report calls an overnight ‘cost of living catastrophe.’