CEO of RIFT Tax Refunds, Bradley Post, commented:

“On the face of it, a topline boost to our earnings is a positive. But in the current economic climate the unfortunate reality is that we’re simply worse off in real terms when it comes to just how far our income can stretch.

The cost of living crisis continues to put a squeeze on our finances and it’s this increase in prices that is outpacing wage growth and essentially resulting in a pay cut for many households.”