Cost of Living Crisis

Cost of Living Crisis

Britain has been hit by a cost of living crisis which has seen the costs of everyday essentials such as energy, transport and food rise faster than household incomes.

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Latest Cost of Living News

The average household energy bill is set to rise by £149 a year today, raising the financial burden on UK households.

Household energy bills rise by £149 a year today as Ofgem increases price cap by 10%

Tory leadership hopeful Tom Tugendhat refuses to commit to reversing Labour's cuts to the winter fuel payment

Tory leadership hopeful Tom Tugendhat refuses to commit to reversing Labour's cuts to the winter fuel payment

Rachel Reeves speaks to The News Agents

‘We’re going to have to increase taxes’, says Reeves, but rules out rises to VAT, National Insurance and income tax

It's time to scrap the two-child limit, says leader of the largest investigation of the cap's impact on families.

Forget politics, think families: It's time to scrap two-child limit

Rishi Sunak pledges tax cuts on LBC

Sunak pledges further tax cut after inflation drops to two per cent

Inflation has fallen to its lowest level in three years

UK inflation rate falls to lowest level in three years hitting Bank of England target

London flat advert written from the perspective of cats offering mattress in living room for £1,000pm goes viral

London flat advert written from the perspective of cats and offering mattress in living room for £1,000pm goes viral

Chancellor Jeremy Hunt (L), Andrew Bailey (R)

Chancellor warns Bank of England against cutting interest rates too quickly warning inflation could spike again

Supermarkets have been warned they must start selling items at the appropriate price levels

Grocery stores caught charging wrong prices for everyday staples including coffee and crisps - see full list of items

Lidl is planning to expand across the country

Lidl set to open hundreds of new stores across the UK - here's how you could earn £20k by helping them

Inflation now stands at its lowest level in two-and-a-half years

Inflation eases to 3.2% putting pressure on Bank of England to cut interest rates

Many people are still struggling with bills

Number of people missing bill payments comes down, although millions still struggling financially

Michael Gove has slammed the water firm as a 'disgrace'.

Thames Water bosses branded a ‘disgrace’ as Michael Gove tells firm ‘not to punish consumers’ for its failings

Jeremy Hunt is "monitoring" the situation

Millions of Brits face 40% increase in bills after Thames Water shareholders refuse to give £500 million cash injection

Fights break out in Preston Tesco over 'reduced to clear' section amid cost of living crisis

Fights break out in Tesco over 'reduced to clear' section as security increased amid cost of living crisis

Halifax is making a major change to mortgage payments which will affect monthly payments

Halifax to impose 70-year age limit on thousands of older mortgage borrowers

Bim Afolami, an economic secretary to the treasury, joined LBC's Nick Ferrari this morning

Brits on lower and average incomes are ‘better off’ now than they were in 2010, treasury minister insists

Boss of Kelloggs sparks fury after suggesting struggling customers should eat cereal for dinner

'Let them eat cornflakes': Kellogg's boss compared to Marie Antoinette after saying poor people eat cereal for dinner

The original Spare Room listing has been altered

Mother rents out London room for £400pm but tenant must 'babysit children everyday and move out on weekends'

Exclusive
Meals being prepared for children at a Birmingham primary school

'Scandalous': Schools chief says they are providing children 'three meals a day', including 'packed dinner'

The UK's favourite supermarket has been named

Revealed: UK's worst supermarkets ranked - where does your favourite list?

Divorce rates are at their lowest level in 50 years

Divorce rates plummet to lowest level in 50 years ‘due to cost-of-living crisis’

Before this announcement, Tesco only showed unit pricing on normal prices and not their special Clubcard prices.

Tesco announce big change to how it displays Clubcard prices - and it could save you money

Violence and abuse against shop workers rose to about 1,300 incidents a day last year

'Crisis' as attacks and abuse of UK shop workers rises to 1,300 incidents a day

Inflation has unexpectedly stayed at 4%

Inflation rate remains unchanged at 4% in January after forecasters expected rise

A mechanical engineer works in an industrial factory. Experts suggest the UK pension age could rise to 71

British workers will soon need to work until the age of 71, experts claim amid UK's aging population

Council tax is expected to go up from April.

Millions of Brits face £100 council tax hikes in further cost of living blow to households

George Freeman's mortgage went from £800 to £2000 a month

Minister quit £120k-a-year job because he 'couldn't afford mortgage hike' from £800 to £2,000 a month

More than two million people will have their gas and electricity cut off this winter because they cannot afford to top up their prepayment meter

More than 2 million to have energy cut off this winter, Citizens Advice claims

Energy bills are forecast to fall by more than £300 a year from April

Energy bills forecast to fall by £300 in April after 'mild' winter

Exclusive
Stamer slams ‘shocking’ rise in Victorian era diseases as tens of thousands suffer since Sunak became PM

Starmer slams ‘shocking’ rise in Victorian era diseases as tens of thousands suffer since Sunak became PM

Morrisons vs. Shell - who comes out on top?

UK's cheapest and most expensive petrol stations revealed - full list

More Latest News

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Rachel Reeves (L), Chancellor of the Exchequer and Prime Minister Sir Keir Starmer applaud as Angela Rayner, Deputy Prime Minister and Secretary of State for Levelling Up, Housing and Communities

More than seven million workers 'to get new rights from their first day of work' in new Labour plans

Speaking at a news conference, the US President said Israel has not concluded a response to the strike

Iran vows it won't back down in rare appearance from supreme leader as Biden urges Israel against oil site strikes

Smoke rises in Yemen

US ships and aircraft launch series of strikes against Houthi strongholds

Natalie Shotter was found dead on a park bench in west London.

Mum-of-three died of heart attack after being repeatedly raped by stranger on park bench, court hears

Pro-Palestinian Activists Stage Protest Marches In The UK London

Police planning ‘significant’ operation ahead of October 7 attacks anniversary

Single-use Disgarded Vapes in Lidl.

Vaping 'could be banned outside schools and hospitals' in government crack down on e-cigarettes

Speaking at a news conference, the US President said Israel has not concluded a response to the strike

President Joe Biden says Israel has not concluded response to Iran's missile strike

The Negro river at Manaus

Major tributary of the Amazon at lowest level ever following drought

The moment ‘drunk’ easyJet clash

Moment 'drunk' easyJet passengers clash in mid-air brawl as captain forced to divert flight

From Left to right Morgan Rogers, Paul O’Dwyer, Nicola Wheatley, and Andrea Powell.

Ex-police officer charged with manslaughter of four people who died in horror paddleboarding tragedy

Police at Amman Valley school, in Ammanford, Carmarthenshire.

Girl who stabbed teachers and pupil at Ammanford school wrote she wanted to ‘kill others’ in notebook

The Haitian government deployed an elite police unit based in the country's capital to Pont-Sonde

UN 'horrified' after armed gunmen kill at least 70 in Haiti gang massacre

Police at the scene in Birmingham

Police launch manhunt for driver who smashed into crowd in fresher's week event in Birmingham

Victoria Taylor went missing from her home in Malton, North Yorkshire, on Monday

Relatives of missing mother Victoria Taylor are 'sick, distraught and lost' as police continue search

Flooded houses after heavy rain in the village of Luke, near the Bosnian town of Fojnica, 50km west of Sarajevo, Bosnia

16 people killed as rainstorm sparks heavy floods in large parts of Bosnia

Helen Holland lost her fight for life after being hit by a police motorbike

Met Police officer charged over death of great-grandmother, 81, hit by motorbike in royal escort through London

Latest News

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Preston North End striker Milutin Osmajic has been fined £15,000

Professional footballer gets eight-match ban and £15,000 fine for biting opponent

Elon Musk wearing a bow tie

Musk to support Trump in rally at site of assassination attempt

Dashcam footage provided by Devon and Cornwall Police

Horrifying dashcam footage shows moment driver smashes into oncoming traffic after trying risky overtake
The soldiers were named as Sargent Daniel Aviv Haim (right) and Corporal Tal Dror, both aged 19 and part of the Golani Brigade.

Two IDF soldiers killed in northern Israel 'by drone from Iraq' as military claims deaths of 250 Hezbollah fighters
Cameron Hancel has been jailed for nearly two years

Former firefighter jailed for taking and sharing photos of dead man after car crash

This Satellite image provided by NOAA shows Hurricane Kirk, Wednesday, Oct. 2, 2024 in the Atlantic Ocean. (NOAA via AP)

Brits face snow blast as aftermath of Hurricane Kirk set to hit UK

London has come close to similar tragedies to Grenfell, the capital's fire chief has told LBC

London has come close to 'other deadly Grenfell tragedies' several times, fire chief tells LBC
The head of the Royal Navy, Admiral Sir Ben Key, ordered the investigation in 2022

Women in Submarine Services suffered 'misogyny and bullying', Royal Navy investigation finds
Andrew Malkinson was wrongly jailed for 17 years for a rape he didn't commit

Four ex-police officers under investigation after Andrew Malkinson wrongly jailed for rape he did not commit
Visitors look at the China-made BYD ATTO 3 at the IAA motor show in Munich, Germany, in September 2023

EU countries vote to impose duties on imports of electric vehicles from China

The News Explained

See more The News Explained

Crowded Piccadilly Line train at station on London Underground

Piccadilly Line to part-close this weekend for two weeks: Here's what you need to know

Rishi Sunak outside 10 Downing Street

Rishi Sunak facts: Height, wife, children and policies revealed

Big Freeze

Arctic blast sets off government's Cold Weather Payment - but are you eligible for the £25 off energy bills?

Royals

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Kate Middleton beamed as she met the inspirational young photographer.

Princess Kate returns to royal duties as she meets 'inspirational' young girl battling cancer
Prince Harry meets with fellow Royal during flying visit to South Africa without wife Meghan Markle

Prince Harry meets with fellow Royal during flying visit to South Africa without wife Meghan Markle
Harry's trip to Lesotho and South Africa appears to mark another week away from his wife

Prince Harry lands in southern Africa for another trip without wife Meghan

Highlights & Opinion

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Andrew Marr offers his opinion on assisted dying

Andrew Marr: Should we make it much easier for people who are dying to end their lives?

For Israeli-Palestinian peace, we need the international community to be a midwife, not an architect, writes Eran Nissan

For Israeli-Palestinian peace, we need the international community to be a midwife, not an architect
Traditional steelmaking is ending at Port Talbot

End of traditional steelmaking at Port Talbot cannot lead to 'managed decline' - we need a clear vision for the future
Heritage erased and economic uncertainty: the closure of the blast furnaces at Port Talbot marks the end of an era, writes Charlotte Brumpton-Childs.

Heritage erased and economic uncertainty: the closure of the blast furnaces at Port Talbot marks the end of an era
At 47% of the national minimum wage, how maternity pay is 'excessive' is truly beyond me.

At 47% of the national minimum wage, how maternity pay is 'excessive' is truly beyond me

The Scottish Tory leadership race is over— but the headaches are only beginning, writes Gina Davidson.

The Scottish Tory leadership race is over— but the headaches are only beginning

Feargal Sharkey is teaming up with LBC's Nick Ferrari to audit Britain's rivers

I'm teaming up with LBC to reveal state of Britain's rivers - we need to shock people into action, writes Feargal Sharkey
Keir Starmer and his wife Victoria

We're starting to learn what Starmerism means but he has to make sure the cracks don't shatter his vision
Starmer's plan to tackle unemployment has a major flaw – can he see it?

Starmer's opportunity: How understanding health can help benefit claimants find work

AI's Energy Demands Are Soaring – Can Labour’s Clean Power Vision Keep Up?

AI's energy demands are soaring – Can Labour’s clean power vision keep up?

More Topics

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