All the updated news related to living standards

All the news related to living standards updated in real time

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UK households ‘face record £900 income hit this year’

UK households are set to be £900 worse off this year in a “historic fall” in living standards but the lowest earners face a £1,300 blow to finances and the hit could be higher if the Ukraine crisis escalates, according to a report. The latest UK ...

07 Apr 2022 at 11:55

Think tank: millions more face absolute poverty amid terrifying fall in income

The next prime minister’s time in office looks set to be dominated by the “terrifying” prospect of the biggest squeeze in living standards for a century, the Resolution Foundation has warned. The think tank’s latest report said real household ...

01 Sept 2022 at 07:18

Minister promises further support on way as mammoth energy bills to be confirmed

The Government will step up to help people more over the coming months, a minister has promised ahead of record energy bills set to be announced on Friday. Will Quince, an education minister, said there is “no question” there will be further ...

25 Aug 2022 at 18:20

Living standards satisfaction plunges ahead of ‘devastating’ energy bills hike

Satisfaction with UK living standards and income has plunged amid devastating predictions for Friday’s new energy price cap, a survey suggests. The Which? consumer insight tracker shows satisfaction with living standards and income has ...

24 Aug 2022 at 01:01

Personal Finance

Annual cost of moderate retirement up £8,000 amid rising living costs – research

The annual cost of having a moderate income in retirement has jumped by £8,000, amid rising living costs and expectations that grandparents will be playing a role in supporting other family members, according to a pensions industry ...

07 Feb 2024 at 00:01

Living standards outlook ‘bleak but not set in stone’

Employees face weaker wage growth by the time Labour reaches its first anniversary in power unless Sir Keir Starmer’s team can “beat the forecasts that they have inherited”, according to a think tank economist. The Resolution ...

29 Aug 2024 at 00:01

We want to improve living standards ‘straight away’, says Starmer

The Prime Minister has said he wants to see living standards rise “straight away” as he attempts to sell his “plan for change” on Friday morning. Sir Keir Starmer made improving living standards a key target as he outlined ...

06 Dec 2024 at 14:37

PM says he would not change a thing despite bruising first five months in power

Sir Keir Starmer has said he would not do anything differently if given the chance to relive his first five months in power, despite the turmoil and criticism he has faced. The Prime Minister has faced backlash over an ...

19 Dec 2024 at 17:02

Keir Starmer promises to end ‘declinist mentality’ with plan for change

The Prime Minister has promised a shift away from Whitehall’s “declinist mentality” as he set out his Government’s “plan for change”. Five months into his term in office, Sir Keir Starmer launched what he described as ...

05 Dec 2024 at 13:00

Income growth to stagnate as firms pass on taxes and benefits cut

UK households will have more disposable income over the next few years, but living standards will stall as businesses pass on higher taxes through lower wages and welfare measures are cut, new forecasts show. People ...

26 Mar 2025 at 18:29

Personal Finance

Living standards outlook for second half of 2020s is bleak, says think tank

UK households face a “bleak” living standards outlook for the remainder of the 2020s, with the tough start to the decade also contributing to the risk that some could end up no better off by 2030 than they were a ...

26 Jun 2025 at 00:01

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