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Cost of living crisis

  • Tuesday, 3 September, 2024
    Richard Layard
    Policies must be justified by their wellbeing-to-cost ratio

    Labour’s spending review must apply this test to every departmental proposal

    apprentice craft fitter, works on the engine bay of a BAE Eurofighter Typhoon
  • Tuesday, 3 September, 2024
    Concern over housing costs hits record high across rich nations

    Surge in mortgage costs and higher rents have combined with chronic shortage of building to stoke crisis

    An illustration of homes and graph lines
  • Monday, 2 September, 2024
    UK retail sales
    UK retail sales boosted by warm weather in August

    Figures from British Retail Consortium and Barclays point to more purchases of summer clothing and barbecues

    Shoppers in central London
  • Wednesday, 28 August, 2024
    UK inflation
    UK mortgage holders and renters hit hardest by inflation

    ONS data underscores uneven social impact of surge in living costs

    To Let and Sold signs outside houses
  • Monday, 26 August, 2024
    UK inflation
    UK shop prices fall for first time in almost three years

    Retail deflation returns after stores discount summer stock following weak sales

    Shoppers on Oxford Street
  • Friday, 23 August, 2024
    UK energy
    British household energy price cap to rise 10% from October

    Decision by regulator Ofgem means average yearly bill will be £1,717

    A smart meter display showing energy usage and cost is placed on a kitchen counter with a gas stove burner lit in the background. The display reads £73.24 and indicates the energy used so far this month is 341 kWh.
  • Tuesday, 20 August, 2024
    UK social housing
    UK chancellor plans to raise social rents to boost affordable housebuilding

    Move aims to give councils and housing associations more certainty over cash flows

    Row of five Council Tower blocks that run along side New John Street in Birmingham
  • Saturday, 17 August, 2024
    UK labour disputes
    New wave of UK strikes looms as pay deals spur unions to bargain harder

    Health, transport and local government groups ballot for further action

    Striking junior doctors protest outside St Thomas’ Hospital in London on day one of their industrial action in June 2024
  • Friday, 16 August, 2024
    UK property
    Rental affordability in Britain at worst level in more than 7 years

    Tenants spend almost 30% of their incomes on housing, ONS data shows

    People looking in an estate agent’s window in Burnley
  • Wednesday, 14 August, 2024
    UK inflation
    UK inflation rises less than expected to 2.2% in July

    Sharp fall in underlying price pressures will be welcomed by Bank of England rate-setters

  • Friday, 9 August, 2024
    Food & Beverage
    Chocolate lovers given taste of inflation as Freddo frog prices jump

    World’s big sweet and candy makers pass on soaring cost of cocoa to consumers

    Chocolate Freddo frogs
  • Friday, 2 August, 2024
    Nigeria
    Nigerians take to the streets for second day of nationwide protests

    More than a dozen killed as security forces fire on demonstrators inspired by youth-led Kenyan revolt

    Security forces fire tear gas to disperse protesters in Lagos, Nigeria on August 1 2024
  • Friday, 19 July, 2024
    Personal Finance
    What’s driving the car insurance crisis?

    Premiums have soared, prompting calls to investigate a market reeling from inflation and theft

  • Saturday, 13 July, 2024
    Personal debt
    Nearly 3mn fell into financial difficulty last year in the UK

    Study finds more than 20mn people in Britain are now living in vulnerable circumstances

    Person in a raincoat walks past a grafittied wall with ‘Food bank!’ and an arrow written on it
  • Saturday, 13 July, 2024
    Serious MoneyClaer Barrett
    How the ‘single tax’ can break financial resilience

    From housing to pensions, those living on their own face an uphill struggle to get ahead

    Illustration of same woman side by side, one with her pockets turned out and the other in a wedding dress
  • Thursday, 11 July, 2024
    Travel & leisure industry
    Jet2 says summer price increases will be ‘modest’

    Leeds-based group pledges to keep prices ‘attractive’ as it posts record profit, revenue and passenger numbers

    A Jet2 Boeing 737-800 aircraft
  • Monday, 1 July, 2024
    UK inflation
    UK shop prices fall in June as cost of living crisis eases

    British Retail Consortium says next prime minister will benefit from supermarkets’ effort to keep costs down

    A woman shops at a supermarket in London
  • Friday, 28 June, 2024
    News in-depthAgricultural commodities
    Soaring olive oil prices hurt sales of ‘liquid gold’ in Mediterranean heartland

    Poor harvests hitting production have forced up the cost of key ingredient

    Bottles of olive oil and sunflower oil on a grocery shelf
  • Thursday, 27 June, 2024
    Halfords Group PLC
    Britain’s once-booming bike market slumps

    Retailers including Halfords flag sinking demand as customers avoid big purchases

    Commuters cycling outside London’s Liverpool Street railway station
  • Wednesday, 19 June, 2024
    News in-depthUK inflation
    How ‘pub meal’ inflation has hit hopes of UK rate cut

    Price rises for services remain stubbornly high despite the headline rate dropping

    A waitress brings meals to the table at a pub in Yorkshire
  • Tuesday, 18 June, 2024
    Consumer trends
    Discounting fails to tempt European consumers as cost of living crisis drags on

    Promotions are up but sales remain muted in sign that demand is not recovering

    A shopping trolley full of groceries in a supermarket aisle
  • Tuesday, 11 June, 2024
    Mortgages
    UK mortgages in arrears hit near 8-year high

    Bank of England data points to continuing impact of high borrowing costs on households

    Terraced houses in London
  • Friday, 7 June, 2024
    Retail & Consumer industry
    Surge in overspending by British holidaymakers abroad

    The gap between budgets planned and money spent is at a decade high

    Holidaymakers on a beach in Paros, Greece
  • Thursday, 30 May, 2024
    UK mortgage holders hardest hit by rising prices, data shows

    Household cost inflation for those with home loans hits 5.5% in March

    Brightly painted residential properties in Brighton
  • Friday, 24 May, 2024
    UK energy
    UK household energy price cap to fall 7%

    Regulator Ofgem to lower cap for July to September after falling wholesale energy prices

    A smart meter at a home with a kettle on a hob at the background
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