Topic Hub: Cost of Living
We know that low-income households are hit hardest by the rising prices of necessities, as products such as food and energy disproportionately dominate their household budgets. With expenditures rising and incomes falling, what many households have left over at the end of the month is getting smaller or disappearing altogether as they have to dip into their savings to pay the bills.
Insights from our Blogs
What Are the Implications of the Rising National Minimum Wage and National Living Wage Rates?
19 Mar 2024
5 min read
How the Chancellor’s Budget Could Help Households and the Struggling Regions
04 Mar 2024
6 min read
Rising Interest Rates and Higher Mortgage Repayments: What’s the Impact on Households?
06 Dec 2022
4 min read
Our Trackers, UK Economic forecasts and further reading
Large Falls in Underlying Inflation Ahead of Tomorrow’s MPC Meeting
20 Sep 2023
CPI Trackers
Energy Prices Drive Fall in CPI, Masking Worrying Underlying Trends
24 May 2023
CPI Trackers
High Wage Growth, Low Productivity Growth: Are we Experiencing Wage Stagflation?
16 May 2023
Wage Trackers
Moderate Fall In Inflation In January Masks A Serious Fall In Real Wages
15 Feb 2023
CPI Trackers
Little Relief Expected for Households with GDP Set to Contract by 0.2% in Q1 2023
10 Feb 2023
GDP Trackers
Projecting the Effect of Peak Bank Rate on Mortgage Holders
02 Dec 2022
Topical Briefing
Projecting the Impact of Peak Interest Rates on Variable Rate Mortgages
11 Nov 2022
UK Economic Outlook Box Analysis
Increasing Mortgage Rates, a Cost-of-Living Crisis and Stamp Duty Cut: What’s Next for the UK Housing Market?
08 Nov 2022
UK Economic Outlook Box Analysis
A ‘Variable Energy Price Cap’ to Help Solve the Cost-of-Living Crisis
07 Sep 2022
Policy Papers
No Quick Respite From the Cost-of-Living Crisis
03 Aug 2022
UK Economic Outlook Box Analysis
Households Savings Amid the Cost-of-Living Crisis
03 Aug 2022
UK Economic Outlook Box Analysis
Wage Growth Not Keeping Up With Inflation as Real Regular Pay Growth Falls by a Record Amount
19 Jul 2022
Wage Trackers
UK Inflation Marginally Increased to 9.1 per cent in May, Predominately Due to Surging Food Prices
22 Jun 2022
CPI Trackers
UK inflation in April surged to 9 per cent, marking the highest monthly increase since the 1980s
18 May 2022
CPI Trackers
Cost-of-living squeeze ramps up as fall in real wages continue
17 May 2022
Wage Trackers
Measuring the Effect of the Cost-of-Living Crisis on Low-Income Households
11 May 2022
UK Economic Outlook Box Analysis
The Economic Consequences of the Ukraine War for UK Household Incomes
11 May 2022
UK Economic Outlook Box Analysis
Rising prices and higher taxes are squeezing household budgets. For 2022-23 we estimate that 1.5 million households across the UK face food and energy bills greater than their disposable income, with the highest incidence in London and Scotland. Max Mosley, economist with our Public Policy team, looks at the cost of living crisis:
The Chancellor has now offered extra support to UK households – but how well does this support help those 1.5 million households that have food and energy bills that exceed their disposable income?
Economist Max Mosley talks us through how the cost-of-living crisis is having a detrimental effect on peoples savings in the UK.
Economist Max Mosley talks us through what the rise in the energy price cap means for millions of households, along with our suggestions on how to alleviate the problem.
Max Mosley talks to us about our recent UK Economic Outlook where we forecast that the UK will narrowly avoid a recession, however that is just half the story.
Max Mosley discusses the current pressure on mortgage holders and whether the government should intervene. He outlines why they should, and how they could, offer help.
News
1.2 million UK Households Insolvent This Year as a Direct Result of Higher Mortgage Repayments
22 Jun 2023
2 min read
Thousands Of Households Projected To Face Monthly Mortgage Repayments Greater Than Their Monthly Incomes
03 Nov 2022
2 min read
