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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Almost half of mums reducing working hours as families struggle with childcare costs, LBC can reveal.

Almost half of mums reducing working hours as families struggle with childcare costs, LBC can reveal

BRITAIN-ECONOMY-RETAIL-FOOD

Food prices tipped to soar nearly 5% in 2025

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Students take gap years and ‘neglect studies’ as survey suggests Edinburgh rents skyrocketed by nearly two thirds in a year.

Students take gap years and ‘neglect studies’ as survey suggests Edinburgh rents skyrocketed by nearly two thirds in a year
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Chancellor Rachel Reeves admits she was wrong to say she wouldn't have to raise taxes before election

This year's Budget increased state spending by almost £70 billion per year

Chancellor seeks to calm markets after Budget borrowing spree sparks jitters

Key point of Rachel Reeves's budget

Budget 2024: Key points at a glance

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Car insurance is more expensive in more deprived parts of the UK

Car insurance costs hundreds of pounds more for drivers living in deprived areas

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'

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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

More Latest News

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Kate

Kate's Christmas 'message of love' at Carol concert as she opens up about 'vulnerabilities'

Donald Trump

Trump renews unsuccessful calls from first term for US to buy Greenland from Denmark

Sophie Hediger

Olympic snowboarding star Sophie Hediger dies in avalanche in Swiss Alps

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Man, 27, arrested after dog walker killed in 'hit and run' collision on rural street just days before Christmas

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Killer of drug dealer stabbed to death convicted after police trace DNA from discarded cigarettes at crime scene

Sebastian Zapeta, accused of setting a woman on fire inside a New York City subway train, appears in court

Illegal migrant accused of fatally setting woman on fire on New York City subway appears in court

Subway Burning

Man accused in burning death of a woman on New York subway appears in court

Netherlands Israel Fan Violence

Amsterdam court sentences five men over violence linked to Ajax-Maccabi game

Michael Jeffries, former CEO of Abercrombie & Fitch (Rebecca Blackwell/AP)

Ex-Abercrombie CEO’s dementia ‘may leave him incompetent to face sex charges’

President Biden Speaks On The 30th Anniversary Of The Family And Medical Leave Act At The White House

Former US president Bill Clinton discharged from hospital - and will be home for Christmas

Bill Clinton speaks during the Democratic National Convention (Paul Sancya/AP)

Bill Clinton out of hospital after being treated for flu

Sean Combs at the 65th international film festival, Cannes.

Sean ‘Diddy’ Combs sued by former assistant claiming star forced her to clean up after ‘Wild King Night’ parties

Indian film director Shyam Benegal (Mahesh Kumar A/AP)

Indian filmmaker Shyam Benegal dies aged 90

Christmas getaway chaos as M40 closure sees thousands forced to find alternate routes - as trains face cancellations

Christmas travel chaos as overturned lorry causes M40 closure - as thousands forced to re-route amid train cancellations

Israel Palestinians Christmas

Bethlehem set to mark second subdued Christmas during war in Gaza

Scientists believe that Yana was one year old when she died. (Michil Yakovlev, Mammoth Museum at the Russian North-Eastern Federal University telegram channel via AP)

Baby mammoth preserved for 50,000 years is unveiled in Siberia

Latest News

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Turkey Explosion

Explosion at Turkish ammunition factory kills 11 people

US American Airlines

American Airlines cleared to fly after technical issue grounded planes

US American Airlines

All American Airlines flights in US halted after widespread technical issues

An American Airlines Boeing 767-300 aircraft parked at the gate at JFK Airport, New York, USA

American Airlines grounds all US flights over 'technical issue'

British tourist, 25, dies from severe reaction to magic mushrooms during Thailand Christmas getaway

British tourist, 25, dies from severe reaction to magic mushrooms during Thailand Christmas getaway
Hong Kong Activists

Hong Kong police issue arrest warrants and bounties for six activists

Bosnia Weather

Balkans snowstorm leaves tens of thousands of homes without power

Eugene Spector reads a document in a jail cell

Imprisoned US citizen handed second jail term for espionage by Russian court

The Ursa Major ship sank this week

Russian cargo ship 'on military mission for the Kremlin' sinks in Mediterranean after explosion, with two missing
2024 in pictures

2024 in pictures: A look back at the biggest stories of the year

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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Sarah, Duchess of York shares her new book with LBC.

Duchess of York shares new book with LBC as she celebrates festive season

The Princess of Wales planned her carol service with help from the grieving Lady Gabriella Windsor whose husband was found dead earlier this year.

Princess Kate planned carol service with help of grieving Lady Gabriella Windsor

Princess Beatrice will join the Royal Family at Sandringham after her disgraced father Prince Andrew said he would not been joining the annual festivities.

Princess Beatrice to join Royal Family Christmas lunch after shamed dad Andrew uninvited from festivities

Highlights & Opinion

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Anti-Jewish racism is 'out of control', according to the Anti-Semitism Policy Trust

Anti-Jewish racism is out of control on the internet's 'anti-Semitism superhighways' - ministers must take action
The Oxford Street M&S demolition is a shame, but the debate has been worthwhile, writes Catherine Croft of the Twentieth Century Society

Oxford Street M&S demolition decision is a shame - but the public debate has been very welcome
Starmer’s ‘Plan for Change’ hits the right notes on energy and infrastructure.

Starmer’s ‘Plan for Change’ hits the right notes on energy and infrastructure—As long as he sticks to it
Cat Eccles MP is backing Kim Leadbeater's Assisted Dying bill

Why the Assisted Dying Bill is a vital step for the terminally ill

Winter poverty looms as energy prices soar and promises fall short.

Winter poverty looms as energy prices soar and promises fall short

As the non-dom tax regime ends, 'The Labour government does need to be wary of alienating non-doms and high net worth individuals from living and working in the UK'.

Labour need to be wary of alienating non-doms and the rich - they could flee UK after Budget
Lily Ebert died aged 100 last week

Holocaust survivor Lily Ebert never lost her kindness, despite the horror she witnessed

Johnny Jenkins says we have a serious problem in this country with people running late

Lateness isn’t just inconvenient - it’s unacceptable

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

More Topics

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War in Ukraine

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