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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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

A mechanical engineer works in an industrial factory. Experts suggest the UK pension age could rise to 71

British workers will soon need to work until the age of 71, experts claim amid UK's aging population

Council tax is expected to go up from April.

Millions of Brits face £100 council tax hikes in further cost of living blow to households

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Former deputy prime minister John Prescott has died aged 86

Former deputy PM John Prescott dies aged 86 following battle with Alzheimer's

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Soldiers are being trained in trench and urban warfare

'Kill him before he tries to kill you': LBC visits Ukrainian troops being trained by British soldiers

Rolf Harris has died aged 93

Paedophile entertainer Rolf Harris died penniless after 'wiping out £16m fortune to make it harder for victims to access'
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Captain Sir Tom Moore's daughter Hannah Ingram-Moore

Money 'reasonably expected' to reach Captain Tom's charity never did, commissioner tells LBC

Which? has revealed the best and worst deals for Black Friday. (stock image)

Black Friday 2024: Which? reveals deals to avoid - and the best alternatives

File photo dated 16/04/20 of the then 99-year-old war veteran Captain Tom Moore, with (left to right) grandson Benji, daughter Hannah Ingram-Moore and granddaughter Georgia, at his home in Marston Moretaine, Bedfordshire

Salary demands, book payments and a doomed spa block: Key findings of the Captain Tom Foundation inquiry

Captain Tom's daughter is facing questions about a hefty book payment

Captain Tom's daughter faces questions over £1.5m book payment after none of the money went to charity

Captain Tom's daughter Hannah and her husband Colin 'significantly' benefited from the foundation personally

Captain Tom's daughter and her husband saw 'significant personal benefit' from father's charity, inquiry finds

The tourist died in the Patong are of Phuket.

British tourist found dead in Phuket storm drain after going missing on night out

Marcus Fakana, 18, is facing 20-years behind bars.

Brit teenager, 18, facing 20-year jail sentence for 'holiday romance' with 17-year-old girl in Dubai

Taxi driver Urfan Sharif, 42, made the dramatic admission under cross-examination in court today

Sara Sharif begged for forgiveness for 'being rude' in letter to parents, court hears

Simone White, Holly Bowles, Bianca Jones

British tourists 'in hospital with methanol poisoning' after drinking toxic shots in Laos holiday spot

Soldiers from the 13th counter intelligence battalion, 2nd reconnaissance platoon of the Swedish Armed Forces, participate in military exercise in Kungsangen

Britain must learn from Sweden to boost defence as tensions with Russia rise, military chief says

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Errol Musk called on Starmer to resign

Elon Musk's father calls on Keir Starmer to resign as he claims Labour have 'sent England back 400 years'

Sky Television HQ

Sky employee dies after 'falling from height' at London headquarters

Halyna Hutchins was shot dead on the set of Rust

Alec Baldwin's Rust film premieres 3 years after cinematographer shot dead - but her mother refuses to come

Latest News

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Schoolgirl, 14, and pensioner, 71, fighting for their lives after van ploughs into crowd of Christmas shoppers

Schoolgirl, 14, and pensioner, 71, left fighting for their lives after van ploughs into crowd of Christmas shoppers
Three men have been arrested after a bomb scare in Glasgow

Three men arrested after bomb scare at bus station

New York priest sacked after allowing Sabrina Carpenter to film racy music video in his church

New York priest sacked after allowing Sabrina Carpenter to film racy music video in church

The scene where a baby's body was found

Tragedy as baby's body found in field in Salford, as police launch investigation

The spread of misinformation during the riots following the fatal knife attack in Southport was "turbo-charged" by foreign bots, Matt Jukes has claimed

Foreign bots 'turbo-charged' misinformation during riots after fatal Southport attack, claims counter-terror boss
GERMANY-US-ECONOMY-AUTOMOBILE-FORD

Ford to cut 800 jobs in UK due to low demand for electric cars.

Thomas Cashman shot dead nine-year-old Olivia Pratt Korbel in Knotty Ash back in August 2022

Gunman who shot dead Olivia Pratt-Korbel has bid to challenge conviction dismissed at Court of Appeal
Images of the aftermath posted on social media show the roof of the bus ripped off

Two in hospital after bus collides with tree and rips roof 'clean off'

The decommissioning of Royal Navy HMS Albion will be sped up as part of the cuts

UK to scrap warships, military helicopters and fleet of drones to save £500m

Ukraine launches 'UK-supplied storm shadow missiles into Russia for the first time'

Ukraine launches 'British-supplied storm shadow missiles into Russia for the first time'

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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Marius Borg Høiby with his mother Norwegian Crown Princess Mette-Marit

Son of Norwegian princess Marius Borg Høiby arrested on suspicion of rape

The Royal Family paid a 'sad farewell' to The Queen's dog Beth

Queen Camilla's beloved rescue dog Beth dies after being diagnosed with tumour

Masked burglars have stolen farm vehicles from the Windsor Castle estate while Prince William and his family slept, reports claim.

Masked thugs steal from Windsor Castle while Prince William and Princess Kate were sleeping on estate

Highlights & Opinion

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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
Traditional steelmaking is ending at Port Talbot

End of traditional steelmaking at Port Talbot cannot lead to 'managed decline' - we need a clear vision for the future
Heritage erased and economic uncertainty: the closure of the blast furnaces at Port Talbot marks the end of an era, writes Charlotte Brumpton-Childs.

Heritage erased and economic uncertainty: the closure of the blast furnaces at Port Talbot marks the end of an era
At 47% of the national minimum wage, how maternity pay is 'excessive' is truly beyond me.

At 47% of the national minimum wage, how maternity pay is 'excessive' is truly beyond me

The Scottish Tory leadership race is over— but the headaches are only beginning, writes Gina Davidson.

The Scottish Tory leadership race is over— but the headaches are only beginning

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