All the updated news related to cost of living

All the news related to cost of living updated in real time

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Cost-of-living challenges ‘more severe than at any time since 1970s’

A former Sainsbury’s boss has claimed that cost-of-living challenges are more severe than at any time since the 1970s, as he criticised the Government’s policy on energy bills. Speaking on Sky News, Justin King argued against a blanket reduction in ...

09 Oct 2022 at 13:20

Truss promises to make ‘hard choices’ in search for economic growth

Liz Truss said she would make the “difficult but necessary” choices to get economic growth, but was heckled by environmental campaigners during her first conference speech as Tory leader. The Prime Minister promised to steer the country through ...

05 Oct 2022 at 16:14

Householders warned about ‘significant’ increase in energy scams

Increasingly vulnerable householders are facing a “significant” increase in energy scams as the cost-of-living crisis takes hold, Trading Standards has warned. The Chartered Trading Standards Institute (CTSI) has issued its “starkest warning ...

05 Oct 2022 at 13:00

Service sector breaks from 18 months of growth, survey suggests

The UK’s service sector has interrupted 18 months of consecutive growth to stagnate for the first time since lockdowns as customers across the country tightened their belts. Under-pressure household budgets could not stretch as far and as ...

05 Oct 2022 at 11:48

Scottish Tory leader urges party to unite as he backs under-fire PM

Scottish Conservative leader Douglas Ross has said the Tories need to “be united” as he gave his backing to under-fire Prime Minister Liz Truss. Mr Ross, who was a vocal critic of the PM’s predecessor Boris Johnson during his time in ...

05 Oct 2022 at 11:43

Scotland

Fire service warns of risks as Scots turn to alternative ways of heating homes

Fire chiefs have warned Scots could “inadvertently” put themselves in danger as they turn to alternative methods of heating their homes amid the rising cost of living. The Scottish Fire and Rescue Service (SFRS) warned householders ...

05 Oct 2022 at 13:57

City

Simply Be and JD Williams owner warns of ‘tough’ retail environment

The owner of fashion chains JD Williams and Simply Be said more cautious consumer spending and shrinking budgets have led to a tough retail environment – as it revealed its profits have almost halved. N Brown Group, which ...

06 Oct 2022 at 11:11

750,000 extra bereavements during pandemic amid ‘huge’ support gap – report

Around 750,000 extra bereavements happened during the coronavirus pandemic, a report suggests – but there are “huge gaps” in formal support for people dealing with loss. The pandemic had a “profound impact” on how people ...

06 Oct 2022 at 11:37

£2 taken from households in ‘stealthy’ freezes for every £1 in tax cuts – IFS

Households will lose more from “opaque and stealthy” freezes over the next three years than they will gain from headline tax cuts on average, according to the Institute for Fiscal Studies (IFS). By 2025–26, the freezes ...

06 Oct 2022 at 01:01

Personal Finance

Pension savers may be vulnerable to scammers as living costs bite, FCA warns

Cost-of-living concerns could drive some pension savers into scammers’ clutches, research from the City regulator suggests. A quarter (25%) of people said they would consider withdrawing their pension savings earlier ...

06 Oct 2022 at 01:01

Personal Finance

27% of households who are worried about their bills ‘helping others financially’

More than a quarter of households who are worried about their own bills have also been supporting family and friends financially, according to an index. Comparethemarket’s new money action index found that 27% have ...

06 Oct 2022 at 01:01

Chancellor to hold talks with bank chiefs amid mortgage rate surge

The Chancellor is to meet with the UK’s banks and building societies amid turmoil in the mortgage sector sparked by the mini-budget market chaos. Kwasi Kwarteng will sit down with senior executives from high ...

06 Oct 2022 at 09:33

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