Money Wellness

cost of living

Published 20 Sep 2023

1 min read

Today's inflation figures

“Inflation falling to 6.7% is positive for the economy. But prices are still going up at a rate that’s higher than long term historical trends, so people won’t necessarily feel the saving in their pockets.

Image of a a falling graph with a stop sign that says inflation surrounded by pots of money
Caroline Chell - Money Wellness

Written by: Caroline Chell

Head of Communications

Published: 20 September 2023

“The people who contact us for help don’t even have enough money for essential bills – things like rent or mortgage payments, council tax, heating, and lighting. And almost one in ten can’t afford food and we’re having to make numerous referrals to food banks daily.

“This winter is also looking pretty bleak with around 6.3 million households predicted to be living in fuel poverty by November. While falling fuel prices seems optimistic at first glance, households will be no better off than last winter now that the government’s support has been withdrawn. In fact, those who have previously kept their heating off to keep bills low, will lose out this year to much higher standing charges.

“We’re calling for the government to look again at how it can help households in fuel poverty this winter. More needs to be done to support the most financially vulnerable until the economy stabilises further.”

Caroline Chell - Money Wellness

Written by: Caroline Chell

Head of Communications

Caroline has worked in financial communications for more than 10 years, writing content on subjects such as pensions, mortgages, loans and credit cards, as well as stockbroking and investment advice.

Published: 20 September 2023

The information in this post was correct at the time of publishing. Please check when it was written, as information can go out of date over time.

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Caroline Chell - Money Wellness

Written by: Caroline Chell

Head of Communications

Published: 20 September 2023

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