"This year is going to be incredibly difficult..."
By Tyler Durden: Millions of Britons who previously found themselves financially 'comfortable' are feeling the heat over accelerating inflation, record energy bills, and tax increases which kick in this year.
According to the privtely owned 'Bank of England', scorching inflation will result in the largest drop in disposable income in 30 years when adjusted for inflation.
In April, UK energy bills are due to jump 54% to around 2,000 pounds ($2,723) a year per household. While some of it will be offset by emergency government support - and social security will also increase, it will be against the backdrop of rising interest rates according to Reuters.
"There's just too much going up at once," said 38-yaer-old care worker Nicola Frape, who huddles under blankets with her 14-year-old daughter to conserve heat, and have limited roadtrips due to the price of petrol. "The pressure is just going to be even worse in April," she added.

