National money education charity Credit Action is warning families and individuals alike of the changes that will take effect in April 2011, as all will be affected.
The charity had previously highlighted the 45 changes that will take effect, and in the light of the Budget last month there are now 49 changes scheduled to take place, including changes to mileage allowances and increases on Alcohol Duty and Tobacco Duty.
The Institute for Fiscal Studies (IFS) has already warned that the average household is £480 worse off because of the changes to indirect taxation that took effect in January 2011. The IFS has further warned that the average household will be £200 worse off after the changes to tax and welfare benefits, yet families will not be the only ones affected, as the widespread changes take place.
Commenting, Joanna Parsley, associate director of Credit Action said, "The 49 major changes that we have identified will affect everyone - there really is no way to avoid them.
"Although not every change will have a detrimental impact, changes to tax and welfare benefits coupled with rising energy and food prices, and fears over potential interest rate rises and further job losses, mean that household budgets in 2011 will continue to be squeezed.
"It is vital that everyone looks to revisit their finances and get them in order. Budgeting is key and the easy to use interactive Credit Action Budget Builder allows everyone to budget simply and easily."
