TISA comments on today’s rises in the energy price cap and Bank of England base interest rate
Commenting on today’s rises in the energy price cap and Bank of England base interest rate, Prakash Chandramohan, strategic policy director at TISA, said:
“Faced with rising energy prices, mortgage repayments, future hikes in National Insurance Contributions, as well as inflationary pressures, consumers are understandably set to retrench their spending priorities.
“The financial services industry has an important role in offering help and ensuring a support network is in place, so consumers don’t disengage with their long-term financial priorities. “A starting point for any firm would be to communicate proactively with its customer base, especially to assist its vulnerable customers, during what is clearly set to be a difficult year