Category Archives: UK cost of living crisis

UK restaurants going bankrupt at faster rate than during Covid

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Closures rise by 60% in past year, including 453 in most recent quarter, says advisory firm Mazars

UK restaurants are going bust at a faster rate than during the Covid crisis owing to a “toxic mix” of surging energy costs, staff shortages and falling bookings.

Closures in the sector rose by 60%, with 1,567 insolvencies over 2021-22, up from 984 during 2020-21, according to a study by the advisory firm Mazars. The figure includes 453 over the past three months, up from 395 in the previous quarter.

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UK’s most vulnerable missing out on energy bill support due to confusing systems

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Charity warns of ‘significant risk’ that those on old prepayment meters will be unable to redeem vouchers offering £400 discount

The poorest and most vulnerable people in the UK risk missing out on the energy bill support and cost of living payments they are entitled to, because of a lack of clarity over what is available from the government and how to get it, charities have warned.

Under the energy bills support scheme announced by Rishi Sunak when he was chancellor, all households are eligible for a £400 energy bill discount, paid across six instalments starting last month.

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Autumn statement 2022 live: OBR says living standards to fall 7% as Hunt confirms millions to pay more taxes

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Fiscal watchdog’s figures show eight years of growth wiped out; chancellor announces higher taxes and some cost of living support

In the Commons Rishi Sunak is making a statement about the G20 summit. These statements are normally routine, and just summarise what was said or decided at the meeting. They don’t normally include fresh announcements.

Sunak started by talking about the missile incident in Poland. He said Russia attacked Ukraine with missiles on the day that he “confronted the Russian foreign minister across the G20 summit table”. He said the blame for the missile landing in Poland lay with Russia. Ukraine could not be blamed for defending itself, he said.

During the bombardment of Ukraine on Tuesday an explosion took place in eastern Poland. The investigation into this incident is ongoing and it has our full support.

As we’ve heard the Polish and American presidents say, it is possible the explosion was caused by Ukrainian munition which was deployed in self-defence.

In just a few moments the chancellor will build on these international foundations when he sets out the autumn statement, putting our economy back on to a positive trajectory and restoring our fiscal sustainability.

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Millions of UK households to pay more for energy from April

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Jeremy Hunt expected to use autumn statement to announce rise in household energy price cap to as much as £3,100

Millions of UK households will pay more for their energy from next April under plans to cut the generosity of the government’s gas and electricity support scheme expected to be announced by Jeremy Hunt on Thursday.

The chancellor is likely to use his autumn statement to say the need to save money and reduce state borrowing will require the household energy price cap to rise from £2,500 to an expected £3,000 to £3,100.

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Energy bills: older Britons will pay more but youngest will struggle most, report finds

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Cost of living crisis affecting different generations in very different ways, says Resolution Foundation

Older people face a bigger income hit from surging energy costs this winter but younger households are more at risk of being unable to pay their bill or getting into debt amid the cost of living crisis, according to a report.

As households across Britain turn their heating on, the research by the Resolution Foundation thinktank found that older generations, in particular the over-75s, will spend a bigger share of their income, up from 5% to 8%, on their energy bills. For those under 50 the proportion is 5%.

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Sharing menus on the rise at UK restaurants as customers cut back

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Chefs are hoping the concept will tempt diners to spend a little more and fight the cost-of-living crisis

Linden Stores, in the Cheshire village of Audlem, has started a whole sharing menu of modern British food, with two people sharing seven dishes including charred pepper and Cornish Quartz cheddar croquettes, hake wrapped in wild boar pancetta and chocolate and peanut butter tart.

Laura Christie and her partner, Chris Boustead, relocated the restaurant to the village from London in 2020. She has been surprised by the reaction.

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Energy bills: thousands of UK households in limbo over £400 support

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Concerns grow that people relying on communal heating may not receive state discount promised

Thousands of people living in homes with centrally supplied electricity are still waiting to hear if and when the UK government will pay them the £400 promised under the energy bills support scheme.

While those living in conventional homes with standard electricity meters are due to receive their second monthly payment of £66, concern is growing among some of the several hundred thousand households that receive their electricity via a communal supply that they will not see any of the money they have been promised.

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Angola urges UK to take new measures on poverty

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Call over protecting most vulnerable citizens comes before UN review of Britain’s human rights record

Angola has urged the UK to adopt an emergency poverty strategy to protect its most vulnerable citizens from the cost-of-living crisis.

The call – from a country where more than half of its population of 34 million people live on less than $2 (£1.75) a day, on behalf of citizens of one of the world’s richest – was among several concerns raised before a UN review of the UK’s human rights record today.

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BookTrust launches Christmas appeal with research showing parents buying fewer presents

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Survey shows more than 60% of UK parents will be spending less this year on gifts for children, as charity begins #JustOneBook drive to give disadvantaged youngsters book parcels

More than 60% of parents in the UK will be spending less this year on Christmas presents for their children, a survey by BookTrust has found, as it launches its Christmas appeal to provide young people with books.

The survey found that 59% of parents who celebrate Christmas have cut back on spending ahead of the festive season so they can afford to buy gifts for their children, but 62% still say they’ll be spending less than they usually do.

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Thousands of English schools in grip of funding crisis plan redundancies

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‘Unprecedented’ deficits will force heads to make ‘catastrophic’ cuts and reduce support for vulnerable pupils, NAHT warns

Thousands of schools in England are drawing up plans to make staff redundant in the face of a crippling funding crisis, and in many cases will also have to cut mental health support and Covid catch-up tuition, according to findings from one of the largest surveys of school leaders in recent times.

Two-thirds (66%) of the 11,000 school leaders who took part in the poll by the National Association of Head Teachers (NAHT) said they will have to make teaching assistants redundant or reduce their hours, while half (50%) are looking at cutting the number of teachers or teaching hours as they grapple with rising costs.

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Zayn Malik urges Rishi Sunak to give free school meals to all children in poverty

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Bradford-born singer who relied on free school lunches urges PM to extend provision to all families on universal credit

Zayn Malik has called on Rishi Sunak to “give all children living in poverty” free school meals during the cost of living crisis.

The former One Direction singer, 29, who relied on free school lunches as a child growing up in Bradford, recently became an ambassador for the Food Foundation and is backing its Feed the Future campaign.

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One in four Europeans say their financial position is ‘precarious’

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Study by anti-poverty NGO shows more than half feel at financial risk and 80% have already made hard spending choices

One in four Europeans describe their financial position as “precarious”, more than half see a serious risk it will become so over the coming months, and 80% have already been forced into hard spending choices, according to a survey.

As the cost of living crisis, driven by high energy prices, rampant inflation and Russia’s war on Ukraine, tightens its grip, the six-country survey for the French anti-poverty NGO Secours Populaire painted an alarming picture of “a continent on the brink”.

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Thousands expected to attend London rally to demand general election

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Protest by People’s Assembly campaign group will also call for action on the cost of living crisis

Thousands of people are expected to hold a demonstration in London on Saturday, demanding an immediate general election, as well as action to combat the worsening cost of living crisis.

Trade unions and community organisations will take part in the protest, which will include a march around parliament, said its organisers, the People’s Assembly campaign group.

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UK mortgage rate rises ‘will put extra 400,000 people in poverty’

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Analysis from Joseph Rowntree Foundation comes after Bank of England raised base rate

Higher monthly home loan costs will pull another 400,000 people into poverty in the coming year as the fallout from dearer mortgage rates ricochets through the housing market.

The Joseph Rowntree Foundation (JRF) said an extra 120,000 households, the equivalent of 400,000 people, will be plunged into poverty when their current mortgage deal ends.

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UK food prices soar by fastest rate on record as cost of living crisis bites

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Rise of 11.6% in October from 10.6% a month earlier comes as milk, teabags and sugar become more expensive

Food prices in the UK soared by 11.6% in October – the fastest rate on record – as staples such as teabags, milk and sugar became more expensive along with fresh food, data shows.

Annual food inflation rose from 10.6% in September, the latest monthly report from the British Retail Consortium and the data firm Nielsen showed.

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UK government’s £400 energy bill support going unclaimed

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Many households who use non-smart prepayment meters are failing to redeem vouchers, says PayPoint

Government energy bill support worth as much as £400 over the winter is not reaching many households who use prepayment meters, according to data from a payments company.

Households with prepayment energy meters are entitled to vouchers giving them monthly discounts, but only half of the expected number have been used so far, according to PayPoint, which handles top-up payments in shops across the UK.

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More than a third of UK hospitality firms ‘could go bust by next year’

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Pubs, restaurants and hotels threatened by energy bills and food price inflation, survey finds

More than a third of UK hospitality businesses, including pubs, restaurants and hotels, could go bust by early next year as energy bills surge and bookings fall, according to a new survey.

With nearly all businesses saying they face higher energy costs and food price inflation, 35% of respondents to a quarterly hospitality industry survey said they expected to be operating at a loss or to be unable to continue trading by the end of the year.

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Ukrainian refugees in UK face homelessness crisis as councils struggle to find hosts

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Many Ukrainians are ending six-month stays and finding there is nowhere for them to go, local authorities say

Ministers need to act urgently to prevent a looming homelessness crisis among Ukrainian refugees, council leaders have warned.

More than 100,000 people have become guests of British families under the Homes for Ukraine scheme, but many are coming to the end of their six-month stays and finding there is nowhere for them to go.

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Cost of living crisis: Stop the Squeeze calls for wealthiest to ‘pay proper share’ of tax

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Coalition of 40-plus charities and groups launches amid fears of spending cuts to plug public finances

Pressure is building on the leaders of Britain’s two biggest political parties to support higher taxes on wealth amid growing fears over the impact that a renewed austerity drive would have amid the cost of living crisis.

In an intervention which comes as the new prime minister, Rishi Sunak, considers options for filling a £35bn black hole in the public finances, a new coalition of 40 charities and campaign groups – including Oxfam, Save the Children and Christians Against Poverty – said Britain’s tax system was broken and those who paid the most should “pay their proper share”.

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Peterborough libraries offer amnesty on fines to recover 22,000 missing books

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Service says the move is aimed at encourage the return of borrowers who stopped using the library during the Covid pandemic

Libraries in Peterborough are holding a fine amnesty to try to recover 22,000 missing books.

The service, which runs 10 libraries across the area, will not fine anyone for returning overdue books and will clear accounts of debt.

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