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Cost of Living

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DWP issues 2024 cost of living payments statement Teesside Gazette08:25DWP Benefits UK Food Poverty

DWP issues update on whether more cost of living payments will be issued in 2024 The Mirror12:34DWP Benefits UK Food Poverty

BBC TV licence fee 'to rise by more than £10' as Rishi Sunak warns it to 'be realistic' about charge in cost of living… LBC News05:33TV Licence Fee BBC Rishi Sunak

BBC licence fee to rise by more than £10 next year – reports Yahoo! UK & Ireland08:54TV Licence Fee BBC Rishi Sunak

Financial conditions remain challenging, says Bank of England The Intermediary13:55BoE UK & Ireland Banks World Banking

Higher mortgage payments will ‘stretch’ households in 2024: BoE Mortgage Strategy13:22BoE UK & Ireland Banks World Banking

Bath nightclub and music venue Moles is closing down citing cost of living crisis Mixmag13:28Bath Music Indie Rock

“The cost-of-living crisis has crippled us”: Legendary Bath venue Moles shuts down after 45 years DJ Mag04:56Bath Music Indie Rock

IKEA invests over £35 million to support financial wellbeing of UK co-workers Milton Keynes Citizen12:53IKEA Milton Keynes Buckinghamshire

IKEA invests £35m to support financial wellbeing of UK staff Insight DIY10:35IKEA Milton Keynes Buckinghamshire

Midlands' poorest areas where people will struggle most with soaring energy bills Birmingham Live05:47Energy Crisis Energy Bills Energy & Utilities

Stephen Cotterill: 2023 has been a tough year for fundraising Civil Society00:09Energy Crisis Energy Bills Energy & Utilities

Funding boost for cost of living support The Mancunion10:33Universities Students

5 startups helping to tackle the student debt crisis Startups.co.uk10:16Universities Students

London businesses issue urgent call to next government on affordable housing & climate change London Councils13:57London England UK Politics

Cost-of-living preventing Londoners from reducing carbon emissions by saving energy London Councils10:10London England UK Politics

Cash usage grow for first time in a decade Finextra09:54Technology (UK) World Banking World Economic News

Use of physical cash one for the up for first time in at least decade The Independent09:10Technology (UK) World Banking World Economic News

London CIV invests £50m in affordable housing fund Professional Pensions13:27Affordable Housing Pensions UK Politics

Octopus Investments completes £50m first close of affordable housing fund Development Finance Today12:47Affordable Housing Pensions UK Politics

Latest News

In the last half-hour

North-east pensioners urged not to miss out on £300 cost-of-living payment Grampian Online, Scotland16:01

In the last hour

Blind woman's electricity stopped after bill error BBC15:43

In the last 2 hours

Welsh Government Funds to Support People in Cost of Living Crisis Could Benefit Wrexham Foodbank North.Wales15:17

Call for East Riding household bids to get £350 cost of living payments Hull Live15:12

Community-led kitchen provides free meals in Roehampton Wandsworth Borough Council (Press Release)14:57

Camp Bestival partner with Tickets for Good Camp Bestival14:47

In the last 4 hours

Grassroots groups share £770,000 to help struggling residents Wirral Council (Press Release)14:12

Cost-of-Living Commission recommends ambitious action on housing, food, energy and transport Wandsworth Borough Council (Press Release)14:11

Council provides cost of living support through registrar’s service Carmarthenshire County Council (Press Release)14:01

Mortgages below 4% could be available by early 2024 i News13:48

Free cost-of-living support will keep thousands of children active and fed during the Christmas holidays Staffordshire County Council (Press Release)13:37

67% of Welsh housing associations report rise in food bank referrals Nation.Cymru13:07

Fears government has ‘traded’ one cost of living fund for another Local Government Chronicle12:43

In the last 6 hours

When people say something stupid, I use it to help raise money for good Metro.co.uk12:06

Local Groups Receive Boost From £86k Cost of Living Community Impact Fund Dover District Council (Press Release)12:02

Funding helps to open more Welcoming Spaces in Plymouth Plymouth City Council (Press Release)11:39

Dundee charity forced to close community café as cost-of-living crisis bites Dundee Courier, Scotland11:26

Don’t feel guilty: Cost of living means this is the Christmas of regifting City AM10:52

Exeter Plan sets out policies to address shortage of affordable housing Exeter City Council (Press Release)10:47

Funding boost for cost of living support The Mancunion10:33

In the last 8 hours

A Paws Before Presents: navigating the delicate decision of gifting pets Blackpool Gazette10:26

Losing sleep over your personal finances? Six tips on managing debt Accountancy Daily10:26

Affordable housing expert calls for 'massive investment' in public housing in Cbrm Yahoo! UK & Ireland10:13

'I feel like I won the lottery': Halifax non-profit group helps 7 families find affordable… Yahoo! UK & Ireland10:13

Council’s poverty officer says ‘help is out there’ We Are Tyrone10:07

Of course the Tories will do anything to stop migrants. You know the ones: students, carers,… Yahoo! UK & Ireland09:53

How brands have adapted to the cost of living crisis Creative Review09:52

Hugh Grant makes ‘wonderful’ £20,000 donation to ‘Britain’s kindest plumber’ Metro.co.uk09:44

How fuel poverty has been mitigated in Mansfield Mansfield and Ashfield Chad09:42

New hardship scheme for cost of living crisis Portsmouth City Council (Press Release)09:39

Average two-year mortgage rate falls below 6% BBC09:29

Community chefs cooking up a cost-of-living solution for more Wolverhampton families Express & Star09:15

‘Cost of Living Kindness’ stall at Airedale Hospital helps keep babies warm this winter Airedale NHS Foundation Trust (Press Release)08:53

Two developments provide affordable housing in Carrbridge Scottish Housing News08:46

Citizens Advice Northumberland sees record demand in cost-of-living crisis Chronicle Live08:40

Earlier today

Broadband ISP Virgin Media O2 Promote Social Tariff to All UK Users ISPreview UK07:46

The rise of the cost of living side job - and how you can earn an extra £1,000 a month i News06:41

House builder donates hundreds to Telford cost of living champions Shropshire Star06:17

Chefs teaching restaurant-grade meals on a budget BBC06:03

Council set to back funding boost for Wrexham Foodbank amidst cost of living crisis Wrexham.com05:48

New 116-home development planned for Green Belt north of Oxted Get Surrey05:19

The cheapest ways to stay warm this winter as cost-of-living crisis continues North Wales Live04:41

Video: Inside 'tinseltown' - where it's Christmas all year round Sky News04:24

Thousands of low-income households in Kirklees set to pay more in council tax Huddersfield Hub01:20

Cost of Living funding allocated by council could go to Wrexham Foodbank Evening Leader00:35

Stephen Cotterill: 2023 has been a tough year for fundraising Civil Society00:09

Yesterday

Rekom to shut city's largest nightclub The Publican's Morning Advertiser23:59 7-Dec-23

Mobile firms face £3bn claim for overcharging BBC22:08 7-Dec-23

Seagulls launches £50k crowdfunder to help people who can’t afford to decorate their home West Leeds Dispatch19:29 7-Dec-23

Cost of Living Crisis: Lambeth urges government to come clean over “lifeline” funding for vulnerable residents Lambeth Council (Press Release)18:37 7-Dec-23

Affordable housing concerns over new homes plan BBC18:31 7-Dec-23

Banks are cashing in off the crisis. We need a Windfall tax on exorbitant bank profits – Richard Burgon MP Labour Outlook17:27 7-Dec-23

Support for most vulnerable households though innovative refund scheme Hertsmere Borough Council (Press Release)16:59 7-Dec-23

Grants available to provide energy efficiency and clean heating upgrades to low-income households in Ashford Ashford Borough Council (Press Release)16:27 7-Dec-23

New Cost-Of-Living Support Guide Published 4ni.co.uk16:09 7-Dec-23

Labour leader criticises cuts to £842m cost of living fund Hexham Courant, Northumberland15:36 7-Dec-23

Government criticised over cut to support fund for vulnerable households Northumberland Gazette15:35 7-Dec-23

Thrifty mum shares 'nail polish' trick to improve boring Christmas baubles The Mirror14:04 7-Dec-23

Why people are going back to cash i News13:54 7-Dec-23

Cost of living ‘border’ excludes Cambridgeshire police from £3,000 a year top-up CambsNews.co.uk13:42 7-Dec-23

London CIV invests £50m in affordable housing fund Professional Pensions13:27 7-Dec-23

More people are willing to give second-hand Christmas presents amid cost of living crisis,… Yahoo! UK & Ireland13:09 7-Dec-23

Council relaunches Food Voucher Scheme for vulnerable households (1) Eastleigh Borough Council (Press Release)13:06 7-Dec-23

Plans move ahead for affordable housing and care facility at Amethyst Road, Dwyer Road RDG.Today13:04 7-Dec-23

Virgin Media O2 increases support for low-income groups and urges government to reduce social… Mobile News12:47 7-Dec-23

Study reveals shocking percentage of UK men who change underwear once a week GRM Daily12:47 7-Dec-23

Octopus Investments completes £50m first close of affordable housing fund Development Finance Today12:47 7-Dec-23

Major plan promising over 13,000 homes to tackle lack of affordable housing Suffolk News12:26 7-Dec-23

Video: Avocado is dead: Brits swap toast topping due to cost of living Sky News11:18 7-Dec-23

Santa Cruz plans high-rise living as a fix for sky-high housing costs — and meets opposition Yahoo! UK & Ireland11:17 7-Dec-23

Cash usage grows for first time in a decade Finextra11:12 7-Dec-23

Cover story: Delivering the perfect reward package (Part 2) HR Magazine11:03 7-Dec-23

Nearly nine in 10 workers are impacted by cost of living crisis Cover Magazine10:54 7-Dec-23

Cost-of-living support guide launched Belfast City Council10:48 7-Dec-23

10 affordable housing units opening for mental health clients in Alberton Yahoo! UK & Ireland10:16 7-Dec-23

Cost of living drives return to cash British Retail Consortium (Press Release)10:01 7-Dec-23

Cash usage grow for first time in a decade Finextra09:54 7-Dec-23

Block of 62 flats with no affordable housing approved The Argus, Sussex09:44 7-Dec-23

Amount BBC licence fee will rise 'agreed' with UK Government The National, Scotland09:37 7-Dec-23

Child cruelty offences double in five years as NSPCC blames worrying rise on Covid lockdown and … Mail Online09:13 7-Dec-23

Use of physical cash one for the up for first time in at least decade The Independent09:10 7-Dec-23

BBC licence fee to rise by more than £10 next year – reports Yahoo! UK & Ireland08:54 7-Dec-23

BBC licence fee 'to rise by more than £10 next year' Evening Standard08:50 7-Dec-23

Akela Group supports AS Homes to deliver more than 120 affordable homes in Glasgow Scottish Housing News08:37 7-Dec-23

Pet owners struggling to look after animals amid cost of living crisis STV08:28 7-Dec-23

Cash back! Shopping with cash rises for first time in 10 years LBC News08:25 7-Dec-23

Court upholds decree ordering developer to pay council £100,000 for missing affordable housing target Scottish Housing News08:17 7-Dec-23

Lichfield District Council to debate motion on efforts to help those facing homelessness due to the cost of living… Lichfield Live08:11 7-Dec-23

Approval lined up for Gwynedd affordable homes Insider Media08:01 7-Dec-23

Staff costs at Barnardo’s up by more than £20m last year Third Sector07:45 7-Dec-23

Cost of living having a disproportionate impact on visually impaired, say charities Burnham Advertiser06:01 7-Dec-23

BBC TV licence fee 'to rise by more than £10' as Rishi Sunak warns it to 'be realistic' about charge in cost of living… LBC News05:33 7-Dec-23

Video: Cash use grows for first time in 10 years as people pay closer attention to household budgets Sky News05:32 7-Dec-23

Peas on toast trump smashed avocados as UK cost of living bites, says Waitrose Yahoo! UK & Ireland05:15 7-Dec-23

“The cost-of-living crisis has crippled us”: Legendary Bath venue Moles shuts down after 45 years DJ Mag04:56 7-Dec-23

'My wife will be in hospital over Christmas but I'm glad because it will keep costs down' Daily Star00:11 7-Dec-23

Waitrose customers turn to ‘comfort foods’ chicken Kyiv and beer-battered fish Evening Standard00:09 7-Dec-23

Shopping with cash rises for first time in a decade BBC00:09 7-Dec-23

Bangers are back! Brits turn to comfort food to get through the cost of living squeeze - with… Mail Online00:08 7-Dec-23

Cash usage has grown for first time in a decade, British Retail Consortium finds Evening Standard00:04 7-Dec-23

In the last 7 days

Exeter church distributes Christmas hampers to people struggling in the cost-of-living crisis The Exeter Daily23:57 6-Dec-23

City budget passes with more housing money but no transit fare freeze Yahoo! UK & Ireland22:03 6-Dec-23

Cash makes a comeback as families limit their use of cards to manage budgets amid the cost of… Mail Online21:35 6-Dec-23

How a £10 donation to a food bank charity can help feed families this Christmas Manchester Evening News18:18 6-Dec-23

Council plan after 'warm zone' boiler breakdowns BBC18:14 6-Dec-23

How Europe’s cities stack up in the cost-of-living index The Economist17:58 6-Dec-23

Cabinet backs Council Tax reduction for those on low incomes West Suffolk Council (Press Release)17:16 6-Dec-23

Labour slam Chancellor’s ‘stealth’ fund cut as Lewisham households set to lose £13m in support London News Online17:05 6-Dec-23

Savvy mum shares how to make turkey and beef Christmas dinner for £7 per person Daily Star16:28 6-Dec-23

BHT Sussex launches Christmas appeal to help people facing homelessness The Rooftop16:14 6-Dec-23

Stevenage wins Council of the Year at Affordable Housing Awards Stevenage Borough Council (Press Release)16:02 6-Dec-23

Flats approved for kitchen depot site despite parking and affordable housing fears This Is Local London15:55 6-Dec-23

Cyngor Gwynedd housing schemes gaining ground Gwynedd County Council15:34 6-Dec-23

Three boroughs open up 37 warm spaces to combat the cold this winter London News Online15:02 6-Dec-23

Short, temporary suspension of Sefton’s Household Support Fund to ensure successful applicants get money by Christmas Sefton Metropolitan Borough Council (Press Release)14:56 6-Dec-23

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8 Dec 16:01

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About our UK Cost of Living news

Latest news on the cost of living crisis in the UK, an ongoing event since 2021, in which prices for many essentials have increased faster than household incomes.

This has resulted in a fall in real incomes. The cost of living crisis has been caused in part by a rise in inflation in the UK, as well as the economic impact of global issues including the 2022 Russian invasion of Ukraine and the Covid-19 pandemic.

While many people have been affected by rising prices, the cost of living crisis is most substantially affecting those on low-incomes. Low-income households spend a larger proportion than average on energy and food, so are disproportionately affected by price increases in these areas.

The Resolution Foundation estimated that to afford the increase in energy bills in January-March 2023, the poorest fifth of households will have to cut back 24% of non-essential spending.

The UK government has stepped in with policies such as the Household Support Fund, but these government responses have largely been criticised as insufficient.

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