Brits are gearing up for 2022, with plenty of Christmas turkey and debt under their belt, as well as some financial resolutions for the new year.
Unfortunately, if experts’ financial predictions for 2022 are accurate, Brits can expect to be hit with higher bills as well as rising interest rates and taxes.
“We head into the year in the full and certain knowledge that either higher energy prices will push up inflation and force the Bank of England (BoE) to raise rates — or that more COVID shocks will keep a lid on inflation and growth, and rates will stay low,” said Sarah Coles, senior personal finance analyst, Hargreaves Lansdown.
“While making predictions in this kind of environment is fraught with difficulty, there are some things we can be relatively certain are on the cards for 2022,” she said.
Here are Hargreaves Lansdown’s top ten financial predictions for 2022.
1. Bills will get more expensive
The energy price…
