Almost half of households ‘concerned over meeting rent or mortgage bills’

Bosses at pensions and life insurance giant Legal & General also warned that inequalities across Britain have worsened over the past year

Almost half of households are concerned about keeping up with rent and mortgage payments over the next year due to the cost-of-living crisis, according to finance firm Legal & General (Tim Ireland/PA) (PA Archive)

Almost half of households are concerned about keeping up with rent and mortgage payments over the next year due to the cost-of-living crisis, according to finance firm Legal & General.

Bosses at the pensions and life insurance giant also warned that inequalities across Britain have worsened over the past year as the poorest households have been hardest hit by rampant inflation.

The Office for National Statistics (ONS) said last week that inflation surprisingly increased to 10.4% in February as surging food and drink prices kept pressure on household budgets.