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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Latest Cost of Living News

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

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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'

Exclusive
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

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Oliver White took his own life "as a direct result" of the robbery.

Luxury watch store manager who took his own life 'offered life savings' to bosses after £1.4m raid, court told

Donald Trump has ordered the release of the last classified files surrounding the assassination of John F. Kennedy on Thursday, vowing that ‘everything will be revealed’.

'All will be revealed': Trump orders last JFK assassination files to be released

Southport killer Axel Rudakubana is a 'young psychopath' - but the sentencing rules are right, says ex-attorney general

Southport killer Axel Rudakubana is a 'young psychopath' - but the sentencing rules are right, says ex-attorney general

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MPs from Reform UK have called for a debate on the death penalty for criminals like Rudakubana following the killer’s sentencing hearing.

Reform MPs call for death penalty debate and CPS chief to be sacked after Southport killer jailed for 52 years

President Donald Trump signs an executive order

Trump's 'blatantly unconstitutional' order to end automatic birthright citizenship blocked by judge

Millions have received an emergency alert to their mobile phones after the Met Office issued a red danger to life warning for wind

Millions receive emergency alert after Met Office issues red danger to life warning for wind ahead of Storm Eowyn

Axel Rudakubana

'What punishment is enough?' Andrew Marr reflects on 52-year sentence of 'girl hating sadist' Axel Rudakubana

This is the moment the Southport killer's father tried to stop him going to his old school

Moment Southport killer's dad stops him going to old school after buying knives - a week before dance class murders

Inside the Southport killer's home

Inside Southport killer's bedroom: Chilling photos show triple murderer Axel Rudakubana's weapons cache

Elsie Dot Stancombe, Alice Dasilva Aguiar and Bebe King

Southport murder victims parents speak of 'lifetime of grief' after an act of 'pure evil'

Axel Rudakubana

How Axel Rudakubana descended into murderous rampage: Full timeline of Southport attack as killer jailed

Rudakubana was captured on CCTV moments before the shocking attack in Southport

Moments before murder: Chilling footage from taxi shows Southport killer minutes before stabbing three girls to death

Merseyside Police Chief Constable Serena Kennedy

Read in Full: Merseyside chief constable Serena Kennedy reacts to Southport killer's sentence

The sentence was passed in Rudakubana's absence, with the judge declaring: "I will not continue to have these proceedings disrupted”

Southport killer Axel Rudakubana 'likely to die in jail' as he's sentenced to 52 years for the murder of three girls

Police were called to Percy Road, Seacombe, last November

Man and woman charged with murder after death of three-month-old baby found unresponsive

A 16-year-old boy was arrested outside the Inverclyde Islamic Centre in Greenock, western Scotland

Boy, 16, arrested outside mosque under Terrorism Act

Latest News

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Clarke was found in possession of a Soviet-era style AK-47 assault rife and ammunition

Man jailed after being caught with loaded AK-47 assault rifle and 30 rounds of ammunition

Leanne Lucas, 35, was teaching in Southport at the children's Taylor Swift dance class on July 29

Southport attacker 'targeted us because we were vulnerable and easy prey,' admits dance teacher Leanne Lucas
Rachel Reeves

Labour to soften non-dom tax changes after mass exodus of millionaires from UK revealed

Paul Antony Butler, 53, is wanted over the death of a woman in Plymouth

Police release image of ‘armed and dangerous’ man, 53, being hunted over death of woman in Plymouth
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Molly-Mae’s Behind it all: Is Molly’s sadness a sign that influencing has gone too far?

Ariana Grande and Cynthia Erivo have both been nominated for Oscars

Wicked duo Cynthia Erivo and Ariana Grande get Oscar nominations - see the full list of Academy Award hopefuls
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Well-designed protections don't block progress - they enable it

Sainsbury's has announced plans to axe 3,000 jobs

Sainsbury's to cut 3,000 jobs and close in-store cafes

Lynn Ban attends the 'House On Fire' New York Premiere

Singaporean Bling Empire star Lynn Ban dies weeks after ski accident

Southport killer Axel Rudakubana should 'rot in jail', a victim's parent has said.

Southport killer Axel Rudakubana told police 'I'm so glad they're dead' after murdering three girls

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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Prince Harry has received an apology and 'substantial' damages (file image)

Prince Harry awarded 'substantial' damages as he settles privacy lawsuit against publishers of The Sun
Prince Harry attends Lord's Cricket Club to mark the expansion of the Coach Core sports coaching apprenticeship programme. The Prince, a club patron.

Prince Harry and The Sun's publisher 'very close' to settlement, High Court told

Prince of Wales meeting US President Elect, Donald Trump in the Salon Jaune room at the UK Ambassadors residence in Paris, France. A double cancer diagnosis for the King and the Princess of Wales marked a difficult, challenging 2024 for the royals.

Senior royals poised to visit Trump in bid to renew UK-US ‘special relationship’

Highlights & Opinion

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Donald Trump has issued a flurry of executive orders since his inauguration this week

Trump moves at lightning speed to force change across America

Animal Rising staged a sit-in demo in a Sainsbury's near Southampton

Why are animal rights activists targeting shoppers?

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Trump inaugural: Cultural conservatives think they've won the culture war - and what progressives should do about it
Rushing through the Chagos deal would be an unnecessary mistake

Rushing through the Chagos deal would be an unnecessary mistake

Critical incidents declared in hospitals

Several NHS trusts in England declare critical incidents: Is your hospital one of those affected?
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

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