As inflation and tax increases bite, there are many who will have to think about putting such luxuries on hold yet again. From the fuel shortages of last year we’ve moved to fuel inflation, not just at the petrol pumps but across gas and electricity as suppliers have gone to the wall. The war in Ukraine has exacerbated these issues and is poised affect food prices in months to come.

Managing the increasing cost of living crisis will affect almost every household to greater or lesser degrees. The Chancellor has offered a counter to the rise in fuel costs by cutting fuel duty by 5p, but with petrol prices creeping up beyond 165p per litre, this is unlikely to improve matters much for frequent drivers.