household-budgets
Top StoriesBritish Households Should Cut Energy Use Where Possible This Winter -Ofgem
FinanceUS Household Debt Is Rising — Here’s Why
Top StoriesAnalysis-Forget Showering, It’s Eat or Heat for Shocked Europeans Hit by Energy Crisis
Top StoriesFunds From Electricity Levy Could Help German Households, Says Renewables Association
Factbox-How Far Are UK Energy Bills Set to Rise and What Help Are Consumers Getting?
Date: August 26, 2022
LONDON (Reuters) – Britain’s energy regulator Ofgem said on Friday the cap on domestic energy prices would rise to 3,549 pounds ($4,188.17) a year from the start of October due to soaring wholesale costs, increasing pressure on already-stretched household budgets. PREVIOUS AND FORECAST PRICE CAP LEVELS The price cap has more than tripled in the...
New UK PM Will Need to Take Urgent Action on Energy Bills – Ofgem CEO
Date: August 26, 2022
LONDON (Reuters) – Britain’s new prime minister will need to act urgently to address the issue of soaring energy prices, the chief executive of energy regulator Ofgem Jonathan Brearley said on Friday, warning prices looked set to rise further. “The prime minister, with his or her ministerial team, will need to act urgently and decisively...
Factbox-How Is Britain’s Cost-Of-Living Crisis Affecting Consumer Behaviour?
Date: August 9, 2022
LONDON (Reuters) – As a cost-of-living squeeze on household incomes looks set to worsen in the United Kingdom, here are how consumers are adapting to the rising prices of everything from food to energy: **FOOD: Nine out of 10 Britons say they are increasingly watching what they are spending as sales volumes at supermarkets fell...
UK Government Told to Act Now Over Cost of Living Crisis
Date: August 8, 2022
LONDON (Reuters) – The British government came under pressure on Monday to set out plans immediately to support families through a mounting cost of living crisis, with a leading business group and former prime minister saying a political vacuum cannot be allowed to last. The Bank of England warned on Thursday a long recession was...
Nine Out of Ten Britons Increasingly Keeping Tabs on Spending -NielsenIQ
Date: July 26, 2022
By James Davey LONDON (Reuters) – Sales volumes at UK supermarkets fell 4.1% year-on-year in the four weeks to July 16, with nine out of ten Britons saying they are increasingly watching what they are spending as they battle a cost of living crunch, industry data showed on Tuesday. Market researcher NielsenIQ highlighted a 9.4%...
One Fifth of UK Households Had ‘negative Disposable Income’ in June, Says Asda
Date: July 25, 2022
LONDON (Reuters) – One fifth of British households had “negative disposable income” last month, with a shortfall between what they earned and what they needed to spend on essentials, UK supermarket group Asda said on Monday. Confidence levels among Britain’s consumers are at record lows as they struggle with the accelerating cost of living. Wages...