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

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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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Brian James

The Damned founding guitarist Brian James dies aged 70

Volodymyr Zelenskyy is set to meet US officials in Saudi Arabia

Zelenskyy vows to 'work constructively' with Trump as US-Ukraine peace talks to go ahead in Saudi Arabia

Prisons minister Lord Timpson

UK's largest jail to be created as HMP Highpoint sees 'groundbreaking' expansion - with 700 extra places

Kyle Clifford has been found guilty of rape after admitting killing the family.

Crossbow killer Kyle Clifford was 'fuelled' by Andrew Tate videos before rape and murders, court told

Rome, Italy. 25th Jan, 2025. Pope Francis seen during the Celebration of Vespers

Pope Francis heard speaking for first time since entering hospital as he thanks well-wishers in audio message

Volodymyr Zelenskyy is set to meet US officials in Saudi Arabia

Zelenskyy to meet US officials in Saudi Arabia, as Trump hits out at NATO allies 'not paying enough'

Port de Sóller

Spanish holiday hotspot introduces 'resident-only' zones - here's how the 'nightmare' policy will impact tourists

Gene Hackman and Betsy Arakawa

Gene Hackman and his wife Betsy Arakawa likely died around the same time, fire chief confirms

Lesma-Rose Wibier

Girl, 4, who died in suspected arson attack in Manchester pictured for the first time

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Any deal with Russia may take time Ukraine doesn't have, the former PM of Ukraine has warned.

Peace deal with Russia will 'take time' that Ukraine might not have, former Ukrainian PM warns

Exclusive
Jonathan Hall KC won't recommend changing definition of terrorism in wake of Southport attacks

Terrorism definition should not be broadened in wake of Southport attacks, says independent terror legislation reviewer

Richard Tice speaking to LBC in Glasgow.

John Swinney branded 'jealous juvenile' by Reform UK

Exclusive
The independent reviewer of terror legislation has backed calls for social media to be banned for under 16s

UK's terror watchdog says calls to ban social media for under-16s 'have merit'

Ambassador of the Russian Federation to the UK Andrei Kelin

Russia wants a 'quick peace' in Ukraine, ambassador claims as he accuses UK of prolonging war

Pamela Bach-Hasselhoff with David Hasselhoff

David Hasselhoff's ex-wife Pamela Bach-Hasselhoff found dead after 'taking her own life' aged 62

Kyle Clifford has been found guilty of rape after admitting killing the family.

Crocodile tears: Crossbow killer Kyle Clifford sobs as he refuses to speak to police 28 times after triple murder

Latest News

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President Zelenskyy thanked European leaders for their support

'We don't feel alone': Zelenskyy thanks European leaders following emergency defence summit
Kyle Clifford has been found guilty of rape after admitting killing the family

Crossbow killer guilty of raping ex 'in sexual act of spite' during triple murder of racing commentator's family
Justice Secretary Shabana Mahmood said she will be writing to the Sentencing Council to 'register her displeasure' following criticism from shadow justice secretary Robert Jenrick.

Justice Secretary calls for controversial 'two-tier' sentencing rules to be 'reconsidered' as she threatens law change
Poppy Atkinson

First pictures of 'football-mad' girl, 10, killed by car on football pitch in Cumbria, as family pay tribute
The brother of Olympic breakdancer Rachel “Raygun” Gunn has been charged after dealing with proceeds from an alleged fraud syndicate

Brother of viral Olympic breakdancer 'Raygun' charged over involvement in $100K crypto fraud
The unnamed French man, identified only as a Parisian in his twenties, is facing a criminal investigation after hurling the ice rock at the elderly man.

WATCH: Moment skier hurls giant snowball from chairlift injuring granddad below- as prankster faces jail
Sir Keir Starmer told LBC: "the first duty of the Prime Minister is to keep the country safe"

PM’s first duty is ‘to keep the country safe,’ says Sir Keir Starmer after £30m attack drone deal announced
Ukrainian soldiers and drone operators set up a drone with a missile at night, preparing it to fly and target Russian positions on the frontline.

UK announces deal to send £30m of attack drones to Ukraine, as Defence Secretary visits Washington
Police crime scene tape UK

Girl, 12, dies after being hit by car while getting off school bus

The stunning moment a robber was kicked out of a shop by a customer with a black belt in karate.

Moment robber gets shock of his life when high heel wearing customer turns out to be a black belt in karate

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

Meghan's new lifestyle brand 'As Ever' has been launched

Meghan launches lifestyle brand hours after Netflix show With Love airs

Undated TV still from With Love, Meghan. Pictured: Meghan, Duchess of Sussex. See PA Feature SHOWBIZ Download Reviews. WARNING: This picture must only be used to accompany PA Feature SHOWBIZ Download Reviews.

'I'm Sussex now': Meghan Markle says she's missed her ‘creativity’ as new lifestyle series lands on Netflix
TV still from With Love, Meghan

Meghan insists she's not an influencer or tradwife as she opens up about Montecito life ahead of Netflix show

Highlights & Opinion

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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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New EPC rules for landlords could lead to higher rents and fewer homes

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