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Businesses risk backlash as consumers struggle to make ends meet | Business

Big business is going to find itself in the line of fire in 2022. The cost of living crisis is one of the themes of the year after the Resolution Foundation grabbed headlines over the festive period for its warning that households face a £1,200 hit to their annual income thanks to higher energy bills, tax rises and stagnant wages.

The fall-out from the squeeze on households is already beginning to emerge, with Tory MPs questioning the government’s £12 billion increase in national insurance contributions. Boris Johnson, whose approval rating tumbled in the run-up to Christmas amid a string of scandals, is finding life increasingly uncomfortable.

Against this backdrop a series of announcements from businesses over the next few weeks risk causing public

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