cost of living

picture of a hand holding the words petrol price and a red arrow pointing up

ONE IN FOUR MOTORISTS STRUGGLED WITH THE COST OF DRIVING IN THE PAST MONTH

  • More than eight in ten drivers (84%) are worried about higher petrol and diesel prices
  • 31% of drivers think they will need to take on additional debt to afford to keep driving
  • The annual cost of driving a petrol-fuelled car has risen by £313 year-on-year to £1,843
  • Drivers could save an average of £118 by shopping around for cheaper car insurance
  • ...
picture of someone using a calculater

ENERGY DEBT DOUBLES IN A YEAR TO £1 BILLION WITH A QUARTER OF CONSUMERS IN DEBT TO THEIR SUPPLIER

  • The amount of money households owe to their energy suppliers has doubled in a year to reach £1 billion — with a quarter (23%) of consumers now in energy debt[1]
  • Six million households owe £188 to their energy providers on average — leaving them without a war chest to battle rising bills [1]
  • Almost 11 million households have £1.4 billion in credit balances, with
  • ...
Picture of Father and son eating

Household Support Fund doubled to help most vulnerable tackle cost of living

Pensioners and families are set to benefit from the £500m extension to the Household Support Fund, as the government takes further steps to help with the rising cost of living.

From: Department for Work and Pensions and The Rt Hon Thérèse Coffey MP

Published 31 March 2022

  • Household Support Fund doubled to £1 billion with £500 million of new funding, as government goes
  • ...
picture of a childcare setting

1 in 3 parents with pre-school children spend more than a third of their pay on childcare 

TUC poll: 1 in 3 parents with pre-school children spend more than a third of their pay on childcare
  • New poll shows working parents spend a big chunk of their pay on childcare
  • TUC says this is putting “huge pressure” on family budgets
  • Union body calls for an urgent plan to get wages rising across the economy – and an immediate increase in the minimum wage to at
  • ...
picture of parents looking at children

1 IN 5 UK PARENTS FEAR LIFE WILL BE HARDER FOR THEIR CHILDREN AS COST-OF-LIVING SOARS

1 IN 5 UK PARENTS FEAR LIFE WILL BE HARDER FOR THEIR CHILDREN AS COST-OF-LIVING SOARS
  • A quarter feel they don’t earn enough to save for their children’s future
  • A third of parents don’t plan to contribute to their children’s higher education

New research* from online investment service Wealthify reveals a fifth (20%) of UK parents try to save for their children...

picture of someone putting fuel in their car

Petrol races towards £2 a litre - here's how motorists can cut the cost of fuel

The cost of owning a car in the UK is soaring - with new cars now costing £5,000 more and petrol heading towards £2 a litre.

This rise in petrol costs is the result of the UK and US banning the import of Russian oil yesterday.

Following this news, Nick Drewe, money-saving expert at WeThrift has shared six ways drivers can cut down on their fuel costs.

  1. Use cashback
  2. ...
Picture of a childrens nursery

Many Scottish nurseries suffering real terms cut in ELC funding rates despite increased costs

Almost one in five Scottish local authorities will not be increasing their hourly early learning and childcare funding rates for three to five-year-olds once the 1140 hours policy is mandatory from August.

NDNA Scotland put out an FOI to all Scottish local authorities asking what they will be paying childcare providers for the 1140 hour places which must be in place from the autumn...

picture of a family at home

One million families claiming tax credits to receive Cost of Living Payment from 2 May

HMRC announces date for the first Cost of Living payment during the 2023 to 2024 tax year, for tax-credits only customers.

One million eligible claimant families receiving tax credits, and no other means-tested benefits, will get the first Cost of Living Payment for the 2023 to 2024 tax year from Tuesday 2 May 2023, HM Revenue and Customs (HMRC) has confirmed.

The £301 government...

picture of daycare

Wales nursery crisis: 88% expect to make a loss or break even

Rising costs are putting increasing pressure on private and voluntary nurseries in Wales as National Day Nurseries Association (NDNA) Cymru reveals its latest survey findings.

With staffing costs increasing in the average nursery by 15% from April, only 11.5% of nurseries expect to make any form of surplus in the coming year.

The vast majority of nurseries – 88% - either expect to...

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