Millions use savings for groceries

Five million families are approaching financial "breaking point" and are relying on loans and savings to cover their food bills, research has suggested.

One in five households said that their monthly incomes would not stretch to cover all of their food costs in April and they had to use some form of borrowing such as a credit card, and overdraft or a loan or plunder their savings instead, consumer group Which? found.%VIRTUAL-SkimlinksPromo%