The crisis is even more acute for the poorest UK households, which typically spend a higher proportion of their income on food and housing costs. Based on forecasts from the 2023 Autumn Budget , real household disposable income in the UK fell by 2.2 percent in the 2022/23 financial year, ...
A fuel price surge pushed inflation in the United Kingdom to 7 percent in March, its highest rate in 30 years, putting more pressure on households already struggling with the cost of living. Consumer prices have risen across the board, although the biggest contributor to inflation - transport ...
The UK cost-of-living increases from 2022 to 2023, referred to as the cost-of-living crisis, has had a sudden and unprecedented impact on students’ ability to cope financially, leading many higher education students to take on work or increase their working or caring hours to make ends mee...
LONDON, June 22 (Xinhua) -- Britain's Consumer Prices Index (CPI) grew by 9.1 percent in the 12 months to May 2022, up from 9 percent in April, the British Office for National Statistics (ONS) said Wednesday. The ONS said the largest contribution came from food and non-alcoholic bevera...
The Cost of Living Crisis (CoLC), a real term reduction in basic income, risks individuals being unable to afford essentials such as heat, food and clothing. The impact of the CoLC is disproportionate – with different population sub-groups more likely to be negatively affected. The objective ...
Darren Morgan, the ONS's director of economic statistics, told the BBC's Today program that the monthly GDP decline showed that the cost-of-living crisis was "really beginning to bite." Photo taken on Jan. 17, 2022 shows a gas bill and some money in London, Britain.(Xinhua/Li Ying) ...
This statistic is using original data from the Office for National Statistics and includes copyright material from © Crown, licensed under the Open Government License v3.0. Citation formats Citation formats View options Other statistics on the topicCost of living crisis UK ...
Hundreds of schools across the country are running food banks to make sure children have enough to eat in the cost of living crisis
UK experienced financial strain and food insecurity in April of that year, highlighting that circumstances were expected to intensify. The cost-of-living crisis refers to a decline in real disposable incomes, where the prices of bills and basic necessities like groceries, heating and fuel are ...
Amid the worsening cost-of-living crisis, UK consumer confidence in November still neared historic lows after it touched bottom in September, surveys conducted by the market research company GfK showed. "Retailers are desperate for some spending cheer but the worry is that it could turn out to ...