Martin mentioned in Guardian's Martin Lewis thinks many households facing a steep rise in living costs have been saved by the UK's super-low interest rates. "Many of those on tracker mortgages at minuscule rates working for growing private companies will still, almost, be in the position of 'never having had it so good'," he says. "While their income has been cut at the edges, they should still be smiling overall.
"However, the budget measures coming into force could see their numbers dwindle. The removal of tax credits and NI hikes, combined with short-term mortgage deals ending, and petrol price hikes, are definitely leaving more across in the 'it's grim' camp."
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