Money expert says 'don't wait for Reeves' and save £4,000 now

During Tuesday's spring statement, Chancellor Rachel Reeves informed the Commons: "By the next election, after accounting for inflation, people are forecast to be £1,000 a year better off per year."

However, with household expenses increasing, tax thresholds remaining frozen and unemployment climbing, many cannot afford to wait for the economy to improve, according to one financial expert.

TotallyMoney CEO Alastair Douglas is encouraging people to take control of their own finances by implementing a few straightforward adjustments to their money management.