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cost of living crisis

  • Amazon Prime, Spotify set to be worst hit by Brits cancelling subscriptions

    January 4, 2023

    British households are cancelling online subscriptions as the cost of living soars, with Amazon Prime and Spotify among the most-searched subscriptions to be cancelled, according to a new study. According to a new study by VPN Online, Brits are increasingly cancelling their streaming subscriptions to save money amid sky-high inflation. In 2022, the average Brit [...]

  • Cost of living fears don’t stop Brits spending record £12bn in supermarkets in run-up to Christmas

    January 4, 2023

    BRITS brushed off cost of living and recession fears to spend a record £12bn in UK supermarkets in the run-up to Christmas.

  • 2023 set to be just as ‘horrendous’ as 2022 with falling pay and soaring energy bills

    December 30, 2022

    Next year looks set to be just as “horrendous” for many families’ living standards as this year, as they are hit with falling pay and soaring energy, tax and mortgage bills, a think tank has warned. Households face a cost-of-living “groundhog year” with disposable incomes plummeting even further than in 2022, which saw the biggest [...]

  • Govt accused of ‘rank double standards’ as civil servants paid £30m in vouchers

    December 29, 2022

    The Government has been accused of “rank double standards” after giving almost £30 million in high-street vouchers to civil servants amid a pay freeze prompted by the cost-of-living crisis. Sixteen Whitehall departments in 2021-22 paid out a combined total of £29.57 million to staff in the form of ‘reward and recognition’ vouchers, a third more [...]

  • Oil, pasta and tea see largest price rises as food inflation leaves poorest worst off

    December 22, 2022

    Budget staple grocery products have shot up considerably in price this year, as new analysis shows the most vulnerable have been hardest hit by food inflation. Some 61 per cent of people in the most deprived areas are buying less food compared with last year, according to data from the Office for National Statistics (ONS). [...]

  • Shop ’till you drop: Christmas spending up despite rampant inflation

    December 20, 2022

    Shopping habits die hard as Brits continue to spend across the board in the run-up to Christmas and the holiday season despite historic levels of inflation raising prices.  Spending on essentials is up by an average of 43.5 per cent compared to the same time last year, with non-essential expenditure also rising by an average [...]

  • Older Brits in need of cash return to work in droves as cost of living chaos destroys budgets

    December 19, 2022

    Money is a key motivator for older workers returning to work as the merciless cost-of-living crisis increasingly bites, it has emerged. The Office for National Statistics has published experimental data on the motivations for the over 50s to return to work. Money is an important motivation to return to work for all groups, particularly younger groups, with 69 per [...]

  • UK consumer confidence rises but forecasts remain bleak 

    December 16, 2022

    Consumer confidence in the UK improved by two points this month, but still remains near all-time low levels.

  • Egg-istential crisis: Shops ration staple as inflation, supply woes drive up price

    November 11, 2022

    Supermarkets are rationing sales of eggs as problems with supply chains are leaving soaring prices and empty shelves. The staple food is experiencing a rise in price due to inflation and a shortage, owing in part to recent orders to house all poultry in doors due to a huge surge in avian flue.  Steven Dresser, [...]

  • Sunak handouts: 8m Brits start receiving £324 into their bank accounts from today

    November 9, 2022

    Close to 8m low income Brits will start to receive payments of £324 into their bank accounts from today as part of the Government’s cost-of-living support. The Department for Work and Pensions (DWP) will start making the payments directly into eligible people’s bank accounts from Tuesday. There is no need for people to apply or [...]

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