THE Sun on Sunday today unveils its Squeeze Team – Britain’s top panel of consumer experts whose advice you can’t afford to miss out on.In the weeks ahead, our money-saving maestros will be here to provide free support to thousands of Sun on Sunday readers struggling to make ends meet in 2022.
8The Squeeze Team is here to help struggling readers with soaring bills
And with supermarket prices spiralling, heating bills rocketing and tax hikes looming, our team’s lifeline tips really couldn’t come at a more critical moment.
Just days ago, the Bank of England revealed that British people borrowed £1.2billion in November — up from £828million the previous month.
The alarming statistics followed hot on the heels of a report by the Resolution Foundation think tank which warned higher energy bills, stagnant wages and tax rises could leave households with a £1,200-a-year hit to their incomes.
It is little wonder, then, that 2022 is being dubbed Year Of The Squeeze.
And with millions maxed out on their credit cards following a Christmas splurge, many are already feeling the pinch.
Last week, after we published a range of cash-cutting tips, we were inundated with calls, emails and letters from desperate Sun on Sunday readers wanting more support.
Your questions included how to cut the cost of a weekly food shop, how to save money on energy and ways to clear debts built up in lockdown.
Many people said they are now tens of thousands of pounds in the red and admitted they have no idea how to get out of their debt hell.
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Life hacks
So today The Sun on Sunday is stepping in to try to help.
From this week our Squeeze Team will be here to answer questions in a range of money-saving areas.
High on our agenda will be helping those who face choosing between heating and eating, due to the soaring costs of gas and electricity.
Experts say bills could rise by as much as 30 per cent this year and the collapse of many providers means switching to save money is now no longer an option.
8Consumer champion Tamesha Jackson is an energy bills expertCredit: Stewart Williams
But Tashema Jackson, a consumer champion at price comparison website energyhelpline.com, is on hand to help.
She has worked at such sites for a decade and spent years honing her money-saving skills.
Tashema said: “I’ve always been one for life hacks to keep my spending down, so being given the chance to help Sun on Sunday readers bring down their energy spending at this difficult time was an opportunity I couldn’t turn down.”
It isn’t just energy bill rises which are cranking up the heat on our finances.
According to data out last week, inflation has also added £15 …
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