Tag: cost of living

New report exposes modern poverty in affluent British city
World

New report exposes modern poverty in affluent British city

A recent study by the University of York's Cost of Living Research Group investigates modern living standards within York. The research highlights hidden pockets of poverty and severe economic inequality inside a traditionally wealthy northern city. The findings challenge common assumptions about affluence and prosperity, shedding light on the everyday struggles residents face amid rising economic pressures.

Suppliers pile pressure on government over energy bills
Business

Suppliers pile pressure on government over energy bills

Energy UK, the trade body for energy suppliers, is urging the government to implement immediate support measures for households facing rising energy costs. With recent price hikes and forecasts predicting a significant 16% increase in January, the industry warns that inaction could lead to a deeper and more prolonged crisis for millions of families. While the government acknowledges the situation and is considering potential relief measures, the typical annual bill is already climbing. Projections from Cornwall Insight suggest that the average household energy bill could reach £1,999 by early 2027, placing immense financial strain on consumers across England, Scotland, and Wales.