#cost-of-living-crisis

#cost-of-living-crisis

Energy companies made over £1bn per week in profits in 2023, amid rising energy bills for Britons.

13% of households in England were in fuel poverty last year due to increased energy costs. [ more ]

Many households in the UK are struggling to afford heating during the cost-of-living crisis.

Government schemes like the Winter Fuel Payment and Cold Weather Payment provide assistance to eligible households. [ more ]

Unemployment benefits are intended as a safety net, not a lifestyle choice. [ more ]

Young people aged 18-25 increasingly seek help from charities for emergency food support, doubling within a year due to the rising cost of living. [ more ]

Millions of hard-pressed Britons will receive a national insurance cut, easing the cost of living crisis.

The main rate of employee national insurance will be reduced from 10% to 8%, benefiting 27 million workers. [ more ]

Social workers witness dangerous living conditions for children due to cost of living crisis.

Many families are forced to choose between heating homes, paying rent, or buying food. [ more ]

Shoplifting offences in England and Wales are at a 20-year high, with over 402,000 offences recorded in the year to September 2023.

The cost-of-living crisis, rising prices, and financial pressures are contributing factors to the increase in shoplifting. [ more ]

London ranked as the worst city in the UK for a night out due to expensive pints and hotel stays. [ more ]

Council tax across the country to increase by up to 4.99 percent in April

Wandsworth in London offers the cheapest council tax rate, likely to be the lowest in the country [ more ]

Over half of London's LGBTQ+ venues have closed between 2006 and 2022.

The cost of living crisis and rising rents are cited as reasons for the closures. [ more ]

The Bishop of London has returned to the East End to restart a community housing trust campaign that was stalled by the pandemic and cost-of-living crisis.

The campaign aims to use disused land in the area for genuinely affordable homes, with families leasing homes at a fixed cost based on local income rates. [ more ]

Psychologists are urging the government to increase the number of subsidised psychology sessions and reduce the gap fee to help individuals under financial strain.

The Australian Association of Psychologists wants the Medicare rebate to be increased by over $50 for some sessions and the number of subsidised sessions to be doubled from 10 to 20. [ more ]

Scottish Labour leader Anas Sarwar has dismissed criticism of the party's oil tax plans and is pressing ahead with the multibillion-pound windfall tax on oil profits.

Over 800 oil, engineering, and business executives in Aberdeen claimed that the tax could result in the loss of 100,000 North Sea jobs.

Sarwar defended the windfall tax as a measure to combat the cost of living crisis and to invest in the transition to net zero and create green jobs. [ more ]

Sales of Arla were slightly lower last year due to shoppers opting for cheaper own-brand labels.

Arla experienced a recovery in the second half of the year with more customers buying their brands. [ more ]

Consumers in 2023 are overwhelmingly concerned about the cost of living, impacting their shopping behavior.

While financial concern persists, there has been a slight improvement compared to 2022. [ more ]

United Kingdom preparing for elections amid various challenges like cost-of-living crisis and immigration issues.

Election can take place by Jan. 28, 2025, and the timing will be strategic for the Conservatives. [ more ]

Three quarters of HR leaders fear the cost of living crisis is affecting employee performance.

A third of HR leaders have noticed a drop in productivity due to employees having other things on their minds.

Two in five HR leaders believe employees are doing additional 'life admin' on company time due to cost of living pressures. [ more ]

UK inflation drops to its lowest level in almost two years, but remains well above the Bank of England's target of 2%.

Low-income families continue to struggle with the cost of living crisis, with many resorting to taking out loans to pay for food and using community warm rooms to save on energy bills. [ more ]

London mayor disappointed with lack of funding in Chancellor's Autumn Statement.

Londoners continue to face high costs of living due to government's failure and mismanagement. [ more ]