Britons who have already been affected by rising credit card charges are set to have their finances further squeezed over the coming months, according to an industry expert.Joanna Parsley, associate director of national money education charity Credit Action, claimed that household finances have already been hit by the VAT increase earlier this year and other factors are set to reduce their budgets.She said: "If energy prices rise further, then the squeeze on family finances will only get tighter.""It's hard to say whether the increasing cost of bills has led to more families becoming indebted. However, for families that are using credit to fund everyday essentials, this can be a sign of difficulty."Ms Parsley added that those who are struggling to pay their utility bills should talk to their supplier and seek free and independent advice if they need to.Recent research from moneysupermarket.com found that the increasing cost of household bills is the biggest concern for Brits.John FieldmanHaving worked in the city for 19 years, John's main focus is interest rates and corporate finance
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