Rising prices and economic uncertainty linked to the conflict in the Middle East are putting pressure on household budgets across the UK.
The Bank of England has warned that more than a million additional households could face higher mortgage payments in the coming years, as borrowing costs rise and lenders pull or reprice deals. Surveys suggest millions of households are already making changes to cope – cutting back, dipping into savings or taking on debt.
We would like to hear how you are adjusting your finances in response.
Have you changed your spending habits? Are you using savings more often, borrowing money or putting off big purchases? Are you making different choices when shopping? You might also have taken practical steps such as switching energy providers, cancelling subscriptions or working extra hours. We’d like to hear about it.
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