All the updated news related to living costs

All the news related to living costs updated in real time

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Life

How are soaring living costs affecting people’s savings?

Rising living costs are making it harder for people to put money away in savings – and new research indicates those in “squeezed middle age” are having a particularly tough time. Nearly two-thirds (62%) of people generally admit to struggling to ...

19 Feb 2022 at 09:25

Personal Finance

People ‘spent more on charities, holidays and household bills in March’

The number of transactions made by Nationwide Building Society members jumped in March, with more being spent on holidays, charities and household bills. The Society tracked millions of credit, debit card and direct debit transactions made in ...

22 Apr 2022 at 08:25

Personal Finance

Confidence that now is a good time to buy a home ‘at lowest level since 2008’

Consumers’ confidence that now is a good time to buy a home has slumped to its lowest level since at least 2008, as households expect to make significant sacrifices to cope with surging living costs, according to building societies. Strong ...

17 Mar 2022 at 01:25

Raising NI threshold ‘will soften financial blow of health and social care levy’

Raising the threshold at which people pay national insurance (NI) will help soften the financial blow from the new health and social care levy, experts said. But some said measures announced in the spring statement will only be of ...

23 Mar 2022 at 15:55

Personal Finance

One in five expect to be driven into problem debt this year, says charity

One in five people (21%) believe external financial pressures will drive them into problem debt this year, according to a charity. Three in 10 (31%) are expecting to struggle to pay for essentials such as a healthy diet and ...

21 Mar 2022 at 10:55

Consumers could choose value brands to cope with rising food prices – minister

Consumers could help themselves cope with rising food prices by choosing value brands in the supermarket, the Environment Secretary has suggested. George Eustice told Sky News that rising fertiliser and feed costs had hit ...

04 May 2022 at 11:25

Eustice: Choose ‘value brands’ to help manage household finances

Shoppers should choose value brands in supermarkets to manage their household finances, a Cabinet minister suggested as Boris Johnson acknowledged the economy was going through a tough patch. Environment Secretary George ...

04 May 2022 at 15:25

Minister labelled ‘out of touch’ for suggesting shoppers swap to value brands

The Conservatives have been branded “out of touch” after a Cabinet minister suggested consumers should swap to value brands as the cost-of-living crisis continues to bite. Environment Secretary George Eustice has been ...

04 May 2022 at 22:25

Derry News

Harkin: Council should use unspent £3m Covid reserve for Hardship Emergency Fund

People Before Profit Councillor, Shaun Harkin, calls for Council to use the £3 million unspent in the Covid fund reserve to help families in the district as the cost of living continues to rise. The Foyleside ...

23 Feb 2022 at 14:33

Personal Finance

42% of families with children ‘may take on extra debt due to energy costs surge’

More than two-fifths (42%) of families with children living at home are expecting to take on additional debt to deal with soaring energy bills, according to a financial confidence tracker. A third (33%) of ...

10 Mar 2022 at 01:25

Personal Finance

61% annual increase in people taking out debt relief orders in February

The number of people taking out a debt relief order (DRO) in England and Wales last month was 61% higher than a year earlier, according to Insolvency Service figures. DROs are a formal type of personal ...

15 Mar 2022 at 15:25

City

Nationwide to increase rates on many savings products

Britain’s biggest building society will boost rates on a range of savings accounts by at least 0.15 percentage points. Nationwide Building Society’s savings shake-up from February 1 will include rate ...

27 Jan 2022 at 14:25

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living costs
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