The recent crisis about the cost of living reached a new chapter today with an announcement made about the average cost for rent rising all over the UK.
Almost one third of Londoners are currently living in poverty, London’s Poverty Profile has identified. This is despite the fact that the capitals economy is currently the foundation behind economic recovery in the UK.
With the recent news that inflation has risen to 2.6%, consumers are increasingly concerned that their budgets will not stretch to meet rises in the cost of living.
The inflation rate in the UK continued to fall last month, dropping to 3.4% – the lowest it has been for more than a year.