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Two thirds of brits say they can’t cope

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23/05/2008

An estimated two thirds of Brits say they won’t be able to cope if fuel prices keep rising, according to price comparison site Moneysupermarket.

Petrol prices have recently exceeded £1.10 per litre and gas and electricity prices have increased by 15%. Such sharp increases have caused many people to worry about their finances, said Tim Moss, head of debt at Moneysupermarket. “Rising fuel prices are a massive issue right now, in much the same way as they were during the fuel protests of eight years ago.

“Leading economists have been telling the Government it can afford to drop the price of petrol by nine pence per litre without having any effect on its bottom line. People are really starting to suffer and need help urgently,” he said.

Moss recommended consumers to take stock of their situation and reduce expenditure through cutting out non-essential items such as magazine subscriptions and pay TV.

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