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Tuesday, January 28, 2014

Tightening the purse strings

53 percent of Britons said they will have to curb their spending in 2014 in a struggle to pay rising household bills in the UK.

About 58 percent of those surveyed also expressed worries over the effect of higher bills on their finances.

59 percent said they would reduce the amount spent on food, 37 percent said they would reduce the amount spent on gas and electricity, and 66 percent the costs of socialisng with family and friends.

Citizens Advice chief executive Gillian Guy said the research shows that “The soaring cost of living will force millions of people to cut back on basic necessities,”


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