Millions of British families are already failing to pay vital bills trends now
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Millions are failing to pay key bills, including mortgages and energy, as families brace for a fresh round of punishing price rises within days.
Prices are set to surge by as much as 17.3 per cent on broadband and mobile, while council tax, water bills, prescription charges and stamp prices will rise from the beginning of April.
The biggest squeeze on living standards since the 1950s means as many as 2.5million households have missed 'must pay' bills in recent weeks, according to research by Which?
And while millions are making cutbacks on spending, including food, many do not have enough money in the bank at the end of the month to cover the cost of essentials.
Director of policy and advocacy at Which?, Rocio Concha, said: 'Millions of households are struggling to get their finances on track amid huge pressure on the cost of living.
The biggest squeeze on living standards since the 1950s means as many as 2.5million households have missed 'must pay' bills in recent weeks (file image)
Which? research found that 60 per cent of households made at least one adjustment to cover essential spending such as utility bills, housing costs, groceries, school supplies and medicines (file image)
'This should set off alarm bells, particularly as painful increases to
