Alice Haine, private finance analyst at on-line funding platform Bestinvest by Evelyn Companions mentioned:“Rising inflation is rarely the news consumers want to hear, particularly for those whose finances are still suffering after the cost-of-living crisis and April’s raft of household bill hikes. Throw in the extended freeze on income tax thresholds, which results in people losing a higher proportion of their income to tax as their wages increase, and speculation that Reeves may break her pledge not to extend the freeze further, particularly for higher earners, and even the tiniest uptick in inflation can be unsettling.”
