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....Residential fees, materials and living expenses on top mean that self-funding students in England are likely to graduate with average debts of £50,800, according to the Institute for Fiscal Studies. NFU Mutual chartered financial planner Sean McCann said families who expect their offspring to borrow the full cost of their university course are in for a shock, as student maintenance loans for digs, food and other living costs are means tested: "Only students from the poorest households can borrow the full amount, while those from households earning more than £25,000 cannot. ... [Read full article on Daily Express ]
Wednesday 16th of August 2017 08:47:00 AM
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....StepChange suggests making a budget to give a clear picture of what money is coming in and going out so that you can then understand what repayments are possible to work down debts. “It’s crucial that you make sure before putting money to repaying debts that you have allocated money in your budget for your essential living costs (food, clothing, travel and so on) and what are called priority bills – these are things like mortgage/rent, gas, electricity bills and council tax,” said a guide from the charity. ... [Read full article on Guardian ]
Monday 14th of August 2017 06:00:35 AM
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Latest Finance News related to Living Cost

Student finances: How to manage money at university  image
Source : Daily Express [Read Article] Wednesday 16th of August 2017 08:47:00 AM
....Residential fees, materials and living expenses on top mean that self-funding students in England are likely to graduate with average debts of £50,800, according to the Institute for Fiscal Studies. NFU Mutual chartered financial planner Sean McCann said families who expect their offspring to borrow the full cost of their university course are in for a shock, as student maintenance loans for digs, food and other living costs are means tested: "Only students from the poorest households can borrow the full amount, while those from households earning more than £25,000 cannot. ...
The UK debt tide is rising – how can you avoid drowning? image
Source : Guardian [Read Article] Monday 14th of August 2017 06:00:35 AM
....StepChange suggests making a budget to give a clear picture of what money is coming in and going out so that you can then understand what repayments are possible to work down debts. “It’s crucial that you make sure before putting money to repaying debts that you have allocated money in your budget for your essential living costs (food, clothing, travel and so on) and what are called priority bills – these are things like mortgage/rent, gas, electricity bills and council tax,” said a guide from the charity. ...
Britons shunning two-week holidays in favour of short breaks image
Source : Guardian [Read Article] Monday 7th of August 2017 12:27:00 PM
....The consultancy Deloitte said its latest research showed holiday spending had risen in the second quarter of this year from the first. But comparing consumer habits with a year ago showed the general pressures on household budgets from higher living costs. ...
UK consumers cut spending on clothes, cars and foreign travel image
Source : Guardian [Read Article] Sunday 6th of August 2017 11:01:05 PM
. Britons are slashing spending on new clothes, cars and foreign holidays, according to new figures that underscore the effect on consumer confidence of rising living costs and the uncertainty surrounding Brexit. ...
Interest rates: Winners and losers revealed following a year of record low interest rates image
....This adds up to a total saving of £8,789 over the five-year term, minus any mortgage set-up fees. “This cash could be put to better use as living costs continue to increase,” says Springall, but she warns that not everyone will be eligible for today’s record low deals, as they must first pass stringent affordability checks. ...
Unsecured consumer credit tops £200bn for first time since 2008 image
Source : Guardian [Read Article] Monday 31st of July 2017 08:55:04 AM
.... They are more likely to be younger, have children, be unemployed and less educated than others. As households grapple with rising living costs, charities and policymakers have raised concerns that consumers are increasingly turning to loans amid worrying signs of a return to reckless lending by the banks. ...
Have we reached 'peak London' as millennials leave in record numbers? image
Source : Guardian [Read Article] Saturday 29th of July 2017 11:05:04 PM
....Fact is, London’s population is still growing, prices aren’t crashing and the city’s landlords are not worried. But it’s understandable why we attach great significance to this “exodus” story: it taps into our unease about the skyscrapers going up that nobody lives in, about living costs rising, about the creeping privatisation of public life. ...
‘I wonder if it’s worth getting up’: life in Corby, the debt capital of Britain image
....A mere decade on from the financial crash, signs that households are building up debts are worrying the Bank of England. Some of the rise is down to low borrowing costs and the easy availability of credit to pay for anything from cars and weddings to everyday living costs. ...
How much do YOU pay in tax? Hardworking British families hit with £24k tax bill last year image
....John O’Connell of the TaxPayers’ Alliance, said: “Continuous tinkering around the edges means that many people are paying more tax but are unaware they are doing so. “We know there is a squeeze on living costs, but one of the biggest bills families face is the one from the taxman, yet we seldom hear politicians arguing that taxes should be cut. ...
M&S investors spooked by slowdown in food sales image
Source : Guardian [Read Article] Tuesday 11th of July 2017 06:24:59 PM
....”. But Rowe also cautioned that consumer confidence had dipped in recent weeks, describing shopper behavour as “volatile” as households juggle rising living costs. ...
Gig economy workers on their jobs: 'They do exercise control over us' image
Source : Guardian [Read Article] Tuesday 11th of July 2017 11:57:45 AM
....Biswas bought his own bike which cost about £2,500 and he pays about £100 a month for insurance. He lives with his parents and so has relatively cheap living costs. ...
Grace is 25. Her student debt: £69,000 image
Source : Guardian [Read Article] Tuesday 11th of July 2017 06:14:02 AM
.... “I swapped to PR and advertising after a year because I just knew I had to do something I was passionate about. That mistake cost me about £15,000, including my living costs. ...
Family of four needs 'at least' £40,800 a year, says thinktank image
Source : Guardian [Read Article] Thursday 6th of July 2017 05:01:34 AM
.... The resulting 96p a week increase in pay had been dwarfed by a £17. 75 rise in living costs, widening the gap between income and outgoings by £16. ...
Decade in the doldrums for hard-hit savers as low interest rates remain the same image
....”. Low rates are making life even harder for young people too with Elliott Silk, head of commercial at wealth managers Sanlam, saying that many are walking into a “retirement black hole”: “Sky-high rent, living costs and student loan repayments are also having a detrimental impact on their ability to think about longer term saving. ...
Don’t be too quick on the draw taking pension pot, says HARVEY JONES image
Source : Daily Express [Read Article] Sunday 2nd of July 2017 11:00:00 AM
....” . In an ideal world, savers would cover their everyday living costs from a combination of, say, the state pension, a final salary scheme and lifetime annuity, while leaving the rest of their savings in income drawdown to benefit from future stock market growth. ...
Savings CRISIS: Household rainy-day funds PLUNGE to record lows  image
Source : Daily Express [Read Article] Friday 30th of June 2017 02:04:00 PM
...."People raiding their piggy banks is bad news for working people and the economy. “But with wages falling as living costs rise, many families are having to run down their savings or rely on credit cards and loans to get through the month. ...
HBOS fraud victims go unpaid as Lloyds battles Noel Edmonds image
Source : Guardian [Read Article] Monday 26th of June 2017 05:07:52 PM
.... “He will make his decisions independently,” Lloyds said. Some £300,000 is thought to have been paid out to help customers with their day-to-day living costs. ...
Frances O’Grady on insecure work: ‘the heartbreaking bit is  they think it’s normal’ image
.... It wants an end to bogus self-employment and believes the law should change to give people a default right to qualify for all employment rights, unless the employer can demonstrate they are genuinely self-employed. O’Grady says people’s anger goes further than the squeeze on living standards that has been sparked by meagre wage growth and a rise in living costs since the Brexit vote. ...
DFS warns over profits in latest sign of UK spending squeeze image
Source : Guardian [Read Article] Thursday 15th of June 2017 09:32:26 AM
. A surprise profit warning from sofa chain DFS has sent shockwaves through the high street, as concerns grow that Britons’ spending power is being squeezed by higher living costs. ...
Britons feel the squeeze as inflation rises to four-year high of 2.9% image
Source : Guardian [Read Article] Tuesday 13th of June 2017 08:37:27 AM
.... Consumer spending has slowed as a result, holding back the pace of overall economic growth. The TUC general secretary, Frances O’Grady, said the inflation figures underlined the pressure on the new government to help households cope with rising living costs. ...
UK household spending falls for first time since 2013 image
Source : Guardian [Read Article] Monday 12th of June 2017 04:30:17 AM
.... That will compound the pressures from the pound’s sharp drop since the EU referendum, which has pushed up the cost of UK imports and stoked inflation. Official figures due this week are widely expected to confirm that workers suffered another drop in real pay in April as wage growth weakened further and failed to match rises in living costs. ...
UK households cut back as Brexit effect on pound hits living costs image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:01:14 AM
. British households are cutting back as the Brexit effect on the pound continues to raise living costs, according to a clutch of reports that show shops, car dealerships and other consumer-facing businesses coming under pressure last month. ...
Households insurance costs RISE 'could see £50 increase in average yearly bill' image
....The rate was hiked again in October 2016 to 10 per cent - making Thursday's increase the third increase in less than two years. The latest increase comes as rising living costs are squeezing households harder. ...
Marks & Spencer to report slump in clothing sales after short-lived boost image
.... Hopes that M&S chief executive Steve Rowe had come up with a winning formula for the UK’s biggest clothing retailer were raised after it recorded its first underlying growth in nearly two years over the key festive quarter. But with rivals such as Next reporting moribund sales as rising living costs force Britons to tighten their belts, M&S’s clothing and homewares sales are expected to have tumbled more than 3% in the first three months of 2017. ...
EasyJet half-year loss widens on weaker pound image
Source : BBC [Read Article] Tuesday 16th of May 2017 07:28:42 AM
...."Nineteen out of 21 years Easyjet has lost money in the winter and actually airlines do lose money in the winter," she said. Ms McCall added that she was relatively unconcerned about the squeeze on living costs, particularly affecting the UK, where wages are growing more slowly than inflation. ...
General election 2017: Lib Dems promise £100-a-week for entrepreneurs' living costs image
. The Lib Dems are promising budding entrepreneurs an £100-a-week allowance to help with living costs as part of their election offer for businesses. ...
The cost of divorce: Marriage split hits retiree income by £3,000 a year image
Source : Daily Express [Read Article] Thursday 11th of May 2017 04:13:00 PM
....Clare Moffat, pensions specialist at Prudential, added: “The financial impact of divorce can be devastating both in the short and longer-term, lasting well into retirement as divorcees experience expected retirement incomes of as much as 16 per cent lower than those who’ve never divorced. "Deciding on living costs and childcare at the point of divorce is difficult enough, but a pension fund is likely to be one of the most complicated assets a couple will have to split in the event of a divorce. ...
Bank of England warns of consumer spending squeeze image
Source : BBC [Read Article] Thursday 11th of May 2017 11:26:30 AM
....The Bank said the expected overshoot in inflation to 2. 7% this year was "entirely" due to the impact of weak sterling and that raising interest rates would not be an effective way of tackling the increase in living costs. ...
M&S puts faith in fashion novice from Halfords and retail veteran image
Source : Guardian [Read Article] Friday 5th of May 2017 11:04:47 PM
....High street clothing chains are struggling as Britons prioritise spending cash on eating out or holidays rather than on updating their wardrobe each season. Also, after a relatively benign period, consumers are starting to feel the pinch as the weakness of sterling since the Brexit vote pushes up living costs. ...
Wealthy feel pinch of housing costs as one in four Australians face mortgage stress image
....North said the numbers were “an early indicator of risk in the system”. The underlying drivers were “flat or falling wage growth”, much faster rising living costs and the likelihood mortgage interest payments would only go up. ...
Good and bad news from an economy in uncharted territory image
Source : Guardian [Read Article] Saturday 29th of April 2017 03:00:02 PM
.... But the flipside to the weak pound is higher import costs for businesses, leading food companies and others to complain of pressure on margins and to raise their prices. There are also fears that those reliant on consumer spending will suffer as higher living costs erode Britons’ spending power. ...
British consumers' confidence slumps as inflation grows image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:03 AM
....Rising inflation is taking its toll on British households, knocking consumer confidence to its lowest level since the aftermath of last summer’s Brexit vote. Pollsters YouGov said worries about job security and living costs pushed its monthly measure of consumer mood down a further 1. ...
These are the mistakes everyone makes when buying foreign currency - and how to AVOID them image
....As well as making sure you know exactly how much you’re going to receive in advance of conducting the transfer, fixing a rate in this way means you can protect your funds from any negative shifts in the exchange rate. Similarly, if you needed to move money abroad every month (to transfer pension payments, wages or money to cover general living costs) you could set up a regular overseas payments plan to make sure those transfers are made automatically on a pre-set date. ...
Bubble, bubble, toil and trouble: why ultra-low mortgage rates are dangerous | Jonn Elledge image
. If you’ve ever made the mistake of trying to debate generational inequality with a baby boomer – by pointing out, say, that they benefited from cheap housing, generous welfare and free university places, before voting consistently for governments that have denied those things to their children, all the while calling millennials lazy and entitled in an infuriatingly faux-indulgent way, as if their kids’ requests that their salaries bear some sort of relation to their actual living costs makes them the sort of spoiled divas who’d call a gold-plated Uber to take them to the lavatory . ...
Banks cracking down on lending after borrowing binge, survey finds image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:53:17 PM
....There were also signs in the survey that firms had become more nervous about investing before Brexit negotiations, with demand for corporate loans affected. The news on tighter consumer lending conditions follows signs that households have been saving less and increasingly turning to borrowing to fund big purchases, such as cars, as well as day-to-day living costs as rising inflation takes a bigger chunk out of incomes. ...
Millions of Britons say property is their pension - but fifth yet to buy image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 04:32:00 PM
.... People in the East and London are the most likely to plan to rely on property in retirement. Britons in this age group - so-called Generation X- are also failing to properly plan their retirement, with more than half say they are too busy with day-to-day living costs to consider long-term saving, showed the research. ...
Students face sharp rise in interest on tuition loans image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:02:18 AM
....Before the forthcoming interest rate increase, students earning £41,000 per year were forecast to make repayments of £54,000 on tuition fees. This figure was without including the amount students also borrow for living costs such as accommodation - and without any amount outstanding when debts are written off after 30 years. ...
UK retail sales fall again as rising living costs bite image
Source : Guardian [Read Article] Monday 10th of April 2017 11:01:12 PM
. Britain’s retailers suffered a third consecutive month of falling sales in March, according to industry figures that add to evidence that a post-referendum rise in living costs is denting consumer spending. ...
Price rises and pay figures to underline Brexit strain on Britons image
Source : Guardian [Read Article] Sunday 9th of April 2017 11:01:21 PM
....Fresh details on price rises and wage growth this week are expected to underline the rising pressures on UK household budgets as the pound’s sharp fall since the Brexit vote continues to stoke inflation. The Bank of England has warned the economy’s main engine of growth, consumer spending, will lose momentum this year as rising living costs eat into people’s budgets. ...
Lloyds to pay £100m fraud compensation image
Source : BBC [Read Article] Friday 7th of April 2017 08:40:13 AM
....The bank said it would provide such victims with immediate payments on a case-by-case basis. Those in financial difficulty will be helped with day-to-day living costs. ...
Bank of England sounds new alarm over consumer credit binge image
Source : Guardian [Read Article] Tuesday 4th of April 2017 11:21:46 AM
....”. The Bank’s latest remarks on household debts follow signs that rising prices and sluggish wage growth are squeezing incomes and prompting some households to run down savings or turn to loans to cover their living costs. ...
The lost generation: ‘I’m 30-something and still depressed and broke’ image
....Her monthly income is higher than mine, which is unsurprising, as I work for magazines and she worked for a bank, but it suggests she might not need pensioner benefits. She has no student loans (her degree was free), her house is paid for, and her pension covers living costs, yet the government acts like she’s pawning her thimble collection to keep the lights on, rather than ordering wine by the case and Facebooking from the Italian Lakes. ...
Access to justice was once a worker’s basic right. Now it’s a costly luxury | Aditya Chakrabortty image
.... Some are exempt from the fees, but Almanza and her husband – both cleaners – apparently earned too much money for her to qualify. Nor does the means-testing account for living costs, even though after renting a single room in a shared ex-council house in London and paying bills they have almost no money each month. ...
Austerity bites? Less chocolate for your money as packets shrink image
Source : Guardian [Read Article] Sunday 26th of March 2017 12:05:16 AM
.... Nestlé is also shrinking its Aero Mint bars from 120g to 100g to hold the price at £1. After a benign period where inflation was close to zero, living costs started rising again last summer thanks to a combination of higher oil prices and the Brexit vote’s blow to the value of the pound, which has made imports to the UK more expensive. ...
Brexit economy: UK faces squeeze on living standards image
Source : Guardian [Read Article] Friday 24th of March 2017 10:30:30 AM
.... It is expected to rise further this year thanks to higher crude oil prices and because the weaker pound is making imports such as food ingredients and fuel more expensive. The latest official snapshot of living costs showed fuel cost 19% more this February than a year ago. ...
UK households most downbeat about finances since 2013 image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 12:35:41 PM
....Tim Moore, a senior economist at IHS Markit, said: “UK households reported greater pressure on their financial well-being in March, as rising inflation has started to erode incomes and reduce cash available to spend. On average in the first quarter of 2017 survey respondents have reported the sharpest increase in their everyday living costs for three-and-a-half years. ...
Rising food and fuel prices hoist UK inflation rate to 2.3% image
Source : Guardian [Read Article] Tuesday 21st of March 2017 11:27:08 AM
....1% expected in a Reuters poll of economists, as grocery bills started rising after years of food getting cheaper. The bigger-than-expected rise will intensify fears over people’s living standards being squeezed this year by higher living costs. ...
How a £1 million inheritance slipped from our family’s grasp image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
.... Initially a lower court ruled that Ilott, who had from the age of 17 been estranged from her mother Melita Jackson, should be awarded £50,000 on the grounds that her mother had acted in an “unreasonable, capricious and harsh” way towards her. Ilott thought she should be awarded more, and in 2011 the court of appeal increased it to £143,000 for a house purchase, plus £20,000 for living costs. ...
Britons like vodka and Nike and won't consider Airbnb, survey reveals image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:42:14 PM
....Its key finding was that consumers remain “unfazed by current uncertainty” about the economy, with relatively few reporting fears that they might lose their job or see the value of their home fall. But nearly half of those surveyed said they are worried about rising living costs, with more saying their disposable income has dwindled in the last year than those who have more money to spend. ...
Budget 2017: Hammond to tell us the Brexit vote could have been worse image
....This all makes for rather nice headlines and will no doubt prompt Hammond to utter soothing words about how the UK can embark on Brexit negotiations from a firm footing. But here’s what the chancellor will not tell you: living costs have gone up and will continue to do so. ...
City living costs reach worst level since 2008 image
Source : Independent [Read Article] Wednesday 1st of March 2017 12:22:00 PM
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Low-income families have less than £100 put away, report finds  image
Source : Daily Express [Read Article] Monday 20th of February 2017 09:24:00 AM
.... . Families in London have by far the most put away, at more than £13,000 on average, which may reflect higher earnings and higher living costs there generally, meaning people are putting bigger amounts aside. ...
UK employment growth driven by foreign nationals, figures show image
Source : Guardian [Read Article] Wednesday 15th of February 2017 10:46:10 AM
.... Economists had predicted a small rise of 800. Debbie Abrahams, Labour’s shadow work and pensions secretary, welcomed the rise in employment but said it was worrying to see that rising living costs were catching up with wage growth. ...
Inflation could push 4m more Britons below poverty line, study finds image
Source : Guardian [Read Article] Wednesday 15th of February 2017 12:01:18 AM
.... The increase in the number of poorer families mostly came between 2008 and 2012, the figures showed, but since then the growth in low income has stopped, but not reversed. Robb said the government should take remedial action in next month’s budget, including allowing families to keep more of their earnings and increasing benefits and tax credits to match the rise in living costs. ...
Weak pound and rising inflation push clothing spend to five-year low image
Source : Guardian [Read Article] Monday 13th of February 2017 12:01:00 AM
. Britons slashed their spending on new clothes and shied away from the high street in January as they juggled Christmas debts and rising living costs. ...
Brexit: the price of post-truth pounds in our pockets image
Source : Guardian [Read Article] Sunday 12th of February 2017 06:59:00 AM
.... So what does it all mean for the pound in our pockets?. Well, pay (data also updated this week) is still thought to be outstripping living costs – at least for now. ...
Housing crisis: the empty nester's guide to downsizing image
Source : Guardian [Read Article] Wednesday 8th of February 2017 06:36:21 PM
....Downsizing left the couple with a healthy fund to see them through the next stage in their lives, and Audley can provide care should they need it. Their living costs have come down, too, by more than five times in the case of heating. ...
UK inflation warnings intensify as service sector costs rise image
Source : Guardian [Read Article] Friday 3rd of February 2017 01:43:13 PM
.... High street retailer Next has warned the devaluation of the pound will hike the price of clothing by up to 5% in the coming months. In the latest sign living costs are rising, Npower said on Friday it was raising prices for more than a million customers, pushing up dual fuel bills rise by an average of 9. ...
Men and women struggle to get on at work and find time for their families image
....The reality, though, was very different. Inflexible employers, rising living costs and a society that penalised women financially for taking time out to have children led to what experts call the “motherhood penalty”. ...
Public sector pay poised to fall by thousands in real terms, TUC says image
Source : Guardian [Read Article] Wednesday 18th of January 2017 07:22:07 AM
....Publishing its findings (pdf) a day after official figures showed UK inflation had jumped to 1. 6% in December, the TUC said living costs were set to rise further as a weak pound raised the price of the UK’s imports and that the pay of key public sector workers would fail to keep pace. ...
Bank of England ‘keeping close eye on consumer spending’, says Carney image
....The Bank of England is keeping a close watch on consumer spending amid signs households are dipping into their savings and amassing debts to keep spending in the face of rising inflation. Mark Carney, the Bank governor, said consumer spending had held up since last summer’s vote to leave the EU but he reiterated a warning that living costs were likely to rise on the back of a weak pound and squeeze households’ real incomes. ...
Weak UK productivity spurs warnings of living standards squeeze image
Source : Guardian [Read Article] Friday 6th of January 2017 02:29:54 PM
....The figures come as signs increase that the pound’s sharp fall since the Brexit vote will stoke inflation this year because it raises the costs of imports such as food ingredients and fuel. Sluggish productivity growth will intensify the pressure on workers as they face rising living costs, said Ian Brinkley, the acting chief economist at the Chartered Institute of Personnel and Development, which represents people working in human resources. ...
Household debt rises to post-credit crunch high image
Source : BBC [Read Article] Wednesday 4th of January 2017 11:26:03 AM
....And last month the Governor of the Bank of England, Mark Carney, warned about the high level of debt in UK households. Debt counsellors say many debtors are now using credit cards to pay for essential living costs, rather than luxury items. ...
IFS warns of biggest squeeze on pay for 70 years over Brexit image
Source : Guardian [Read Article] Thursday 24th of November 2016 01:26:14 PM
.... Others, however, are not, including working-age benefits, which were frozen in Osborne’s 2015 post-election budget. At the same time, younger people see their income from work squeezed by inflation if pay rises fail to keep pace with living costs. ...
Philip Hammond admits Brexit vote means £122bn extra borrowing image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 01:36:07 PM
....Philip Hammond has admitted that the Brexit vote’s blow to the economy would force the government to borrow £122bn more than hoped as he pushed back government plans to balance the books in his autumn statement. In the government’s first major economic announcement since the vote in June to leave the EU, the new chancellor said the economy was faring well in the wake of the referendum result but growth would slow markedly next year on the back of weaker business spending and a squeeze on household budgets from rising living costs. ...
'I worry about money all the time': the Jam reality in Birmingham image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 08:59:52 AM
....The constituency of Erdington voted strongly Brexit in the EU referendum and is one of the poorest in the country, with pockets of acute deprivation. Because of its location close to the Jaguar Land Rover Castle Bromwich site, it also has relatively well-paid workers, many of whom are finding that wage stagnation and rising living costs have also left them in difficulty. ...
The Brexit economy: remarkable resilience as spectre of inflation looms image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 01:30:21 PM
....But behind the upbeat headlines there are growing signs the weak pound will push up prices and squeeze household budgets in the months ahead. Wage growth is expected to slow and economists warn that with employment growth already waning, pay will struggle to keep up with living costs next year. ...
The Observer view on the autumn statement | Observer editorial image
Source : Guardian [Read Article] Sunday 20th of November 2016 12:05:22 AM
....Yet the reality is that, over six years, Cameron and Osborne chose to load the burden of austerity on low-income working families with children through cuts to working-age benefits, while delivering significant tax cuts for businesses and the more affluent. Far from alleviating their effects, government policy since 2010 has compounded the impact of poor wage growth and rising living costs for these families. ...
Ritzy and Picturehouse cinema workers to strike over London living wage image
Source : Guardian [Read Article] Wednesday 16th of November 2016 07:00:12 AM
....75 an hour. The pay rate, based on the amount needed to meet basic living costs, is considerably more than the government-backed legal minimum of £7. ...
He’s right, the economy is sick – and businesses like Trump’s are part of the disease | Mariana Mazzucato image
....Until the 80s, wages kept up with productivity, but since then they haven’t, and unions have weakened. As wages failed to keep pace with living costs, personal debt increased to cover the gap. ...
Move over, Manchester – Midlands motor Birmingham is setting the pace image
Source : Guardian [Read Article] Thursday 10th of November 2016 06:01:24 AM
.... Last year 6,016 people moved from London to Birmingham, more than to any other UK city. But he said Birmingham had its own appeal and that graduates from its universities were increasingly staying on, attracted by the quality of life, lower living costs and career opportunities. ...

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