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

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The wreckage of Azerbaijan Airlines Embraer 190 lies on the ground near the airport of Aktau, Kazakhstan

Dozens dead as Azerbaijani plane crashes in Kazakhstan

Ryan Wesley Routh takes part in a rally in central Kyiv, Ukraine, in April 2022

Trial of man accused of Trump assassination attempt in Florida pushed back

The wreckage of Azerbaijan Airlines Embraer 190 lays on the ground near the airport of Aktau, Kazakhstan

Four bodies recovered and dozens more feared dead after Kazakhstan plane crash

Pope Francis delivers the Urbi et Orbi (Latin for ‘to the city and to the world’) Christmas Day blessing from the main balcony of St Peter’s Basilica at the Vatican

Pope Francis kicks off year-long Jubilee

Palestinians look at a home destroyed by an Israeli strike in Deir al-Balah

Israel and Hamas accuse each other of complicating ceasefire efforts

King Charles delivers his annual Christmas speech.

King Charles pays tribute to 'selfless' doctors and nurses who treated him after cancer diagnosis in Christmas speech

Students carrying a banner reading 'Belgrade is the World again'

Striking students in Serbia tell chief prosecutor to ‘fight for law and justice’

Pope Francis waves before delivering the Urbi et Orbi from the main balcony of St Peter’s Basilica at the Vatican

Pope’s Christmas message urges ‘all people of all nations’ to overcome divisions

Firefighters at a site destroyed by a Russian attack in Kryvyi Rih, Ukraine

Russia targets Ukrainian energy infrastructure on Christmas Day

People walking through the Holy Door of St Peter’s Basilica at the Vatican

Pilgrims pass through Vatican Holy Door as the 2025 Holy Year begins

Royals attend their Christmas Day service at Sandringham.

The Royal Family's Christmas traditions: Inside 'The Firm's' Christmas festivities

Royals attend Christmas service at Sandringham

Royals attend Christmas Day service at Sandringham as hundreds gather to greet King Charles and family

A lookback at Kate and King Charles' cancer battle as Palace focuses on royal road to recovery

Kate and King Charles' cancer battles in 2024 as Palace focuses on road to recovery

Shaftesbury Avenue.

Christmas Day horror as four injured after car drives into pedestrians on Shaftesbury Avenue

The man was reportedly wielding a knife.

Man shot dead by armed police on Christmas Eve after five-hour standoff

An Azerbaijan Airlines plane on an airport runway

Dozens feared dead after Azerbaijan Airlines plane crashes in Kazakhstan

Latest News

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Kyiv Residents Shelter In Subway During A Russian Missile And Drone Attack

Russia launches ‘massive’ Christmas day attack on Ukraine, as Zelenskyy slams ‘inhumane’ Putin
Azerbaijan Airlines

Dozens feared dead after Azerbaijan Airlines plane crashes near Kazakhstan's Aktau airport

The sun rises on Christmas day

Met Office reveals official weather forecast for 'remarkably mild' Christmas day

Haiti Violence

Two reporters and a police officer killed in gang attack in Haiti

APTOPIX Ecuador Missing Children

Ecuadorian police probe if bodies found are of missing children

Obit Richard Perry

Richard Perry, record producer behind You’re So Vain and other hits, dies at 82

Medics surround an ambulance

Two dead in gang attack on journalists covering Haiti hospital reopening

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

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

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