Mervyn King, the governor of the Bank of England, says that the UK faces its “most difficult economic challenge for two decades”
With inflation on the increase, rises in the cost of petrol and food plus expected hikes in household energy bills expected to hit 40% by the end of this year, which areas will you cut back on first?
With the cost of living on the increase, which areas will you cut back on first?
Holidays and travel (30.5%)
Eating out & socialising (24%)
Clothes & accessories (9.6%)
Gadgets & electrical goods (19.7%)
Magazines & newspapers (7%)
Food shopping (6.3%)
Other – click reply to let us know (3%)
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