The majority of families in the UK are cutting their food bill to afford petrol.
Since the price of petrol has increased more families are reducing their expenditure on food to pay for petrol.
With the rising price of fuel and the increase in VAT hitting UK consumers hard, families are making an extra effort to curb their weekly spending and balance the cost of living. A survey has found that UK families are cutting back on their food spending in order to be able to pay for their fuel. Three in five families overall are actively reducing the amount they spend on grocery bills and clothing to cover the cost of petrol.
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The Prime Minister has promised to take action to curb high fuel prices.
David Cameron has said that he will take some form of action to ensure that drivers receive some support to ease high petrol costs.
Although little has been revealed as to his plans, the Prime Minister David Cameron has stated that he will provide “some method” to ease the high costs of fuel for motorists across the country.
In the run up to the election, the Tories said that that would introduce a ‘fair fuel stabiliser’ which would ensure that motorists had a cushion if the price of fuel hit high levels. Now that drivers are faced with petrol prices of up to 130 pence per litre, some means of regulating the price at the pump is more in demand than ever.
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