Brits currently receiving Tax Credits from the Department of Work and Pensions (DWP) may be eligible to receive extra financial help this autumn.
One-in-five people looking for better paid job amid cost of living crisis
30.09.2022 - 14:53 / manchestereveningnews.co.uk
Around one-in-five adults are looking for a better paid job amid the cost of living crisis, a survey has found.
In a survey carried out by the Office for National Statistics (ONS), 19 per cent of adults polled said they were looking for a job that pays more money - including a promotion or moving to a different employer. Almost everyone - 91 per cent of those polled - said their costs had increased in the last year amid rising energy bills and higher petrol and food prices.
15 per cent of people surveyed said they are working extra hours in their job because costs are rising so they need more money. Around 4 per cent said they have taken on another job to help meet their costs.
READ MORE: NHS staff quitting health service 'for better paid jobs in shops and hospitality'
The survey also found 7 per cent are going to work more often to save on their energy bills. The data was released just one day before the new price cap on energy bills comes into force, and after days of chaos in the financial markets and fears of rocketing mortgage bills sparked by the Chancellor’s mini-budget last week.
Under the energy price cap, households will pay 34p per unit of electricity and 10.3p per unit of gas they use. For the typical household – 2.4 people in Ofgem’s calculation – this will mean bills of £2,500 per year.
However, this depends on how much energy the household uses. The calculation is based on 2,900 units of electricity and 12,000 of gas, plus the standing charges that all households pay no matter how much they use.
But the ONS’s data contains at least some light at the end of the tunnel. The number of people who said their cost of living has increased over the last month fell to its lowest point since late January, the ONS
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