UK households warned of ‘year of the squeeze’ as cost of living soars
Stalling wages and rising tax and energy bills could cause catastrophe without government intervention, thinktank warns
the Guardian
Government measures, including the new social care levy on national insurance and the freezing of the personal income tax allowance, will combine with high inflation to make 2022 the “year of the squeeze”, the Resolution Foundation said.
It warned that in April the introduction of tax changes, with a new price cap on energy bills, will cost families £1,200 overnight.
It's gonna kick off in 2022