As inflation rises, the anticipation of interest rate cuts fades, adversely affecting borrowers but benefiting savers with increased bank balances.
The state pension will see a substantial increase in April due to the triple lock, unlike other benefits that are stagnating.
Household gas and electricity prices will rise beginning in January, with typical usage costs increasing despite being lower than previous year, affecting vulnerable groups.
Changes to bus fares will considerably impact travel costs across England, with specific locations maintaining lower fare caps while others will face steep increases.
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