The ‘cost of living crisis’ refers to the fall in ‘real’ disposable incomes (that is, adjusted for inflation and after taxes and benefits) that the UK has experienced since late 2021.
It is being caused predominantly by high inflation outstripping wage and benefit increases and has been further exacerbated by recent tax increases.
Find out more about the support available to help with the cost of living. This includes - income, travel, housing, childcare allowance and disability benefits.
Cost of Living crisis Support