Brace yourself as Britain's big squeeze bites - Spend & Save , Money - The Independent

Brace yourself as Britain's big squeeze bites - Spend & Save , Money - The Independent

This month 49 new benefit and tax changes will push more people than ever into financial hardship, according to money education charity Debt Action. Meanwhile, hard-up parents who have a baby after the beginning of the tax year on 6 April will be at least £1,500 worse off due to the Government's cuts than they would have been a year ago, the Child Poverty Action Group warned.

Also this week, bean counters at PriceWaterhouseCoopers calculated that the average UK household will be feeling a £1,050 squeeze on their finances because of higher prices and new taxes.