For the last two years, Covid muted Christmas celebrations across the UK, with people avoiding social situations or stuck into isolation through illness. This year’s menace is soaring inflation, which has forced many households to reassess their spending for the holidays.
2022 has been dominated by the cost-of-living crisis, and the figures are staggering. Inflation is running at a double-digit pace, the highest in 40 years and far outpacing wage growth. Food prices are up almost 20%, the cost of heating a typical home has jumped more than 150%.