Cost of Living

Cost of Living

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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Latest Cost of Living News

Chancellor Rachel Reeves said at last year's Budget that the move would raise £25 billion per year by 2029

Prices ‘pushed higher’ and warnings of job losses as National Insurance rise comes into effect

Britain's cheapest supermarket revealed.

Britain's cheapest supermarket revealed - see the full ranking

Rebel energy goes bust.

Energy firm Rebel Energy goes bust, leaving 80,000 customers without a supplier

Car road taxes have a number of changes for 2025

'April cruel day' Car road tax changes explained from price increases to new bands

Person handling house bills and receipt with calculator

Why are bills going up so much? Reasons behind council tax and energy bill price surge

Energy price cap increase

Households urged to seek fixed energy deals as latest price cap hike takes effect

Exclusive
Bills are set to rise this April

'Awful April' price hikes: Full list of bills going up as fuming Brits brand increases 'horrendous' and 'unfair'

Sir Keir Starmer visit to US

UK expecting to be hit by Donald Trump’s tariffs this week – No 10

A Tesla car plugged into a charging point in central London

How is car tax changing?

Brits are set to be £1,400 by 2030, a new study suggests

Average family to be '£1,400 worse off' by 2030, study finds

Reduced price supermarket sticker on a loaf of white sliced bread close up

Major British supermarket to give away free food as £0 ‘yellow stickers’ trial looks set to slash waste

Shoppers are being warned of rising food prices in 2025 as a result of the Budget

Food prices are not 'going anywhere but up' in 2025, warns retail body

Exclusive
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

Exclusive
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

Exclusive
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

More Latest News

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Video footage shows the convoy had emergency lights flashing when it was hit

Israel admits ‘mistakenly’ killing 15 aid workers after video leak contradicted official version of events

Police found two men stabbed on on Erconwald Street in East Acton. One of them died at the scene

Murder probe as man knifed to death in double stabbing in London street

Dan Norris, pictured here next to Keir Starmer has also been held on suspicion of misconduct in public office

Labour MP arrested on suspicion of rape and child sex offences

The victim, centre, and his two killers

Moment London knife victim, 22, buys drinks for his killers before they stab him to death in street

An armed Met counter-terror firearms unit at Downing Street

UK police chiefs ‘plan national counter-terrorism force’

Patrick Mullins aboard Nick Rockett after winning the Randox Grand Nationa

Nick Rockett wins 2025 Grand National at Aintree holding off last year's winner I Am Maximus

She was reportedly robbed outside an Italian restaurant in Cheshire

Wife of Man Utd goalkeeper Andre Onana ‘robbed of £62K handbag and Rolex’

Jaguar Land Rover has paused shipments to the US in the wake of 'Liberation Day' tariffs

Jaguar Land Rover halts shipments to US in wake of tariffs as Trump insists he'll win 'economic revolution'

The fire happened at Goldenbeach Holiday Park, Roman Bank, Ingoldmells.

Two people killed in caravan fire at holiday park in Lincolnshire

Easter eggs have been recalled over a potential risk of 'metal'

'Do not eat' warning as major chocolate brand recalls two Easter eggs amid fears they contain metal

Flowers and toys left on a swing seat to commemorate victims killed in Russia's missile attack on Friday

Death toll from Russian strike on Zelenskyy's home town rises as 18 confirmed dead - including nine children

Lucy Connolly

Tory councillor's wife who was jailed for racial hatred tweet after Southport attacks 'denied temporary release'

The scene at Beckenham Place Park

Body found in search for teenage boy who went missing while swimming in lake in south-east London

Molly Russell took her own life in 2017.

Meta and Pinterest 'make secret donation to Molly Russell charity'

Elton John

Sir Elton John says he 'can't read, watch TV or see his boys play rugby' as he opens up about health battle

Corby steelworks pictured in 1981

Calls for public inquiry into environmental scandal after botched clean-up of steelworks

Latest News

See more Latest News

The stabbing happened on Ramsden Street in Huddersfield.

Man, 20, charged with murder after 16-year-old boy stabbed to death in Huddersfield

Donald Trump's 10% tariff on UK products has officially come into force

Trump tariffs come into force as global stock markets plunge deeper into the red

File photo dated 19-05-2024 of Manchester City's Kevin De Bruyne lifting the Premier League trophy with team-mates.

Kevin De Bruyne to leave Manchester City, as Pep Guardiola calls him 'one of greatest midfielders to play in England'
Stock markets plummeted on Friday

Starmer 'pushing for Trump royal visit this year' as UK bids for US trade deal - after tariffs spark turmoil in markets
Tom Howard

British tourist killed after being struck by boulder on trek through Himalayas

In this photo provided by the Ukrainian Emergency Service, a car burns following a Russian missile attack that killed more than a dozen people, including children, in Kryvyi Rih, Ukraine, Friday, April 4, 2025. (Ukrainian Emergency Service via AP)

Russia kills 16 people including three children in missile strike on Zelenskyy's home town, with dozens wounded
Travel influencer Mykhailo Viktorovych Polyakov, 24, made an illegal visit to North Sentinel Island

Tourist who left Coke for world's most isolated tribe 'could have wiped them all out' - and police 'can't go collect can'
Club house covered in red paint as members of group Palestine action caused damage to the Trump owned site of Trump Turnberry Golf Club in Scotland.

Police arrest man, 33, and woman, 55, after Donald Trump's Scottish golf course vandalised with red paint
Man, 23, who gouged out pensioner's eyes before beating him to death with his own walking stick locked up indefinitely

Man, 23, who gouged pensioner's eyes out before beating him to death with his own walking stick locked up indefinitely
The FTSE 100 plummeted on Friday

UK stock market plunges amid Trump tariff chaos as FTSE 100 suffers worst trading losses in five years

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

See more Royals

Prince Andrew with Charles, his brother

King Charles dragged into Prince Andrew's 'Chinese spy' scandal

The King was described as being “jolly” and “in great spirits” by guests as he played a recorder made out of a carrot at a music reception at Windsor Castle.

Watch moment King Charles plays carrot recorder at Windsor Castle music reception

Meghan's lifestyle brand has sold out

Meghan's £22 honey and £11 jam sell out within an hour - along with everything else in her new lifestyle brand

Highlights & Opinion

See more Highlights & Opinion

Cedric Neal, Desmonda Cathabel, Victoria Hamilton-Barritt, Femi Akinfolarin and Laura Delany, in the Hadestown.

Hadestown: A wonderful West End spectacle with memorable music

President Zelenskyy

Defiant and unrepentant: My meeting with Zelenskyy, writes Andrew Marr

The UK is stuck in a morass of mediocrity triggered by indecisive action over two decades.

The UK is stuck in a morass of mediocrity triggered by indecisive action over two decades

Kanye West recently went on an "antisemitic rampage" on X.

There can be no debate about Kanye West - he clearly hates Jewish people and should be challenged on it
My apprenticeship took me from school leaver to radio producer at 19 - here’s why it’s a path worth exploring

My apprenticeship took me from school leaver to radio producer at 19 - here’s why it’s a path worth exploring
David Lammy and Chinese Foreign Minister Wang Yi.

China is targeting critics on British soil - so why is David Lammy rolling out the red carpet?
Now that Trump has released the classified files on JFK when is the UK going to do the same with Diana and David Kelly?

Now that Trump has released the classified files on JFK when is the UK going to do the same with Diana and David Kelly?
Kim Leadbeater’s Assisted Dying Commission makes a safe Bill even safer.

Kim Leadbeater’s Assisted Dying Commission makes a safe Bill even safer

Why should alcohol be allowed at the World Cup in Saudi Arabia?

Why should alcohol be allowed at the World Cup in Saudi Arabia?

We're one of Britain's top private health insurers - here's why we're offering customers weight-loss jabs

We're one of Britain's top private health insurers - here's why we're offering customers weight-loss jabs

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War in Ukraine

Cost of Living Crisis

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