It can be an extremely difficult time for many
The school summer holidays are fast approaching but with the cost of living going up, it can be an anxiety-inducing time for many parents. On Thursday, June 22, the Government announced a hike in interest rates from 4.5% to 5%.
Carol Lucas, who works as a market trader, has 11-year-old twins who are about to go to secondary school. Speaking on how she's feeling ahead of the summer holidays, she said: "There are extra worries because we have to spend more on food and we have to keep them [the children] entertained. "Our mortgage is set to go up later this year. The cost of everything is going up now. We are quite lucky because their grandma helps out but if we [Carol and the children's dad] did it on our own we would be struggling - but it can be embarrassing to talk about."
"We're not going in peak summertime. I think generally we will have to be sensible as we are every year." Speaking on whether this year will be harder than others, the trader added: "Not particularly no, because we never really recovered from the pandemic." "About two weeks into the summer holidays in August we're doing a free family fun day. Then our third event is handing out hampers at the end of the school holidays including basic necessities."
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