39% of households in Crawley’s region felt financial difficulty before energy price hike hit

Analysis reveals that on average 25% of UK households experienced financial difficulty last year – and that’s even before energy prices went up in October.

The figures, based on an analysis of the Bank of England’s household survey data from September 2021 to September 2022, also show how 1 in 10 households said they were already falling behind on bills before the price hike.

It also revealed that areas outside of London were harder hit, with 1.5 million households in the South East experiencing financial difficulties.

It comes as concerns about the state of the UK economy continue to grow. 13 years of Tory policy choices have weakened Britain’s economic foundations even before the government crashed the economy and left working people paying the price with higher mortgages and prices, with UK experiencing the highest inflation and lowest economic growth in the G7.

Labour have said their plans to grow the economy won’t just get money flowing back into it, but also create good jobs and more wealth across all parts of the UK by focusing on a Green Prosperity Plan and an active partnership with business to get the economy growing again, raising living standards for all.