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Cost of Living

Repossession claims in England and Wales surge to five-year high amid economic pressures

Recent data from the Ministry of Justice has revealed a significant increase in repossession claims across England and Wales, marking the highest level in five years.

Our polycrisis demands a radically new approach to risk management

In this exclusive, Ruth Richardson, Executive Director of the Accelerator for Systemic Risk Assessment (ASRA), calls on policymakers worldwide to transform risk management.

FAO reports rising global food prices for third consecutive month in May

Rome, the benchmark for world food commodity prices continued to climb for the third month in a row in May, according to the Food and Agriculture Organisation of the United Nations (FAO).

UK shop price inflation falls

Shop price inflation in the UK has reduced to its lowest level since November 2021, driven by significant price cuts on big-ticket items like furniture and TVs.

Young homeowners face retirement mortgage dilemma as rates rise

Younger homeowners are increasingly opting for extended repayment periods that stretch into retirement.

Bank of England expected to hold interest rates

The Bank of England is set to maintain its current interest rate of 5.25% for the sixth consecutive time, as announced today.

UK inflation hits lowest point in over two years

UK inflation has dropped to its lowest level over two years, at 3.4% for the year leading up to February.

Debt Awareness Week: 6.7 million Brits face financial difficulties

6.7 million individuals in Britain struggle with financial difficulties, according to a recent report by Debt Justice.

‘Pot for Life’ will this new scheme solve the UK’s pension crisis? 

The UK faces a pension crisis, with state pensions now funded on a pay-as-you-go basis.

Tackling fuel poverty head on: Prioritising a holistic approach this winter

Duncan McCombie, Group Chief Executive Officer at YES Energy Solutions, discusses the challenges many people face during the winter months and the steps his organisation is taking to support them.

Cutting back on spending during the current economic climate

The cost of living crisis and the current economic climate continue to create severe financial difficulties for many households in the UK. In times of such high inflation and soaring food costs, it is not surprising, therefore, if the consumer purchasing habits change.

Increasing food inflation and the impact on supermarkets

Figures from the Office for National Statistics show that UK food inflation in March and April 2023 was the highest in more than 45 years.

Seeking solutions for poor wages in Europe

European employment indicators may seem optimistic, but poor wages contribute to financial distress for many families across the continent.

Unemployment in Europe drops to a record low of 6%

Unemployment in Europe following COVID-19 dropped to a record low of 6%, despite one-third of workers reporting having ‘strained’ jobs in 2022.

Why the manufacturing sector could mitigate the looming recession

The UK’s forthcoming recession is expected to be deeper than originally forecast; could the UK’s manufacturing sector save the nation from a complete recession?

Online financial support at Carmarthenshire County Council

Carmarthenshire County Council is using online services to provide financial support to residents in light of the cost-of-living crisis.

UK government’s Cost of Living payment given to 8 million households

The UK government delivers the Cost of Living payment to over 8 million financially vulnerable households, set to receive £301 today.

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