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Wednesday, January 03, 2018

Prices High Rises

Household bills soared to a new high in Scotland last year, adding to a “cost of living crisis”. Bills rose a hefty 15 per cent in 2017. The increase comes despite a freeze in wages, with pay packets failing to even keep pace with inflation.
On average, Scots were paying £2317 last year – up by about £300.
The hike in household bills was blamed on dramatic energy price increases, on top of rising motor insurance premiums.
Comparethemarket.com. director Simon McCulloch said: “It’s been a torrid three years for household finances. A combination of soaring bills and squeezed wages is causing a lot of pain for millions.”
John Dickie, of the Child Poverty Action Group in Scotland, said energy bills are major problem. He added: “Familes are under extraordinary pressure because of the squeeze on income and rising bills." In rural areas, fuel poverty is at 37 per cent of homes.

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