An estimated 1.5 million households across the UK will struggle to pay food and energy bills over the next year as the cost of living crisis continues to bite, new research shows.
That’s according to the National Institute of Economic and Social Research (NIESR) that predicts the UK will fall into recession this year.
The NIESR urged chancellor Rishi Sunak to take action in order to prevent households from crumbling under debt burdens.
