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7.4 Million Households Struggling with Essentials Amid Cost of Living Crisis

Source: BBC Business - Published: 22 Jul 2026 02:57

A significant number of households in the UK are facing severe financial difficulties, with many unable to afford basic necessities like food and heating. Reports indicate that nearly half of those surveyed have skipped meals or reduced portion sizes to manage their budgets. Prime Minister Andy Burnham has pledged to provide relief, including a reduction in VAT on electricity bills starting in October.

The Joseph Rowntree Foundation's research highlights that 35% of adults worry about their finances daily, emphasizing the urgent need for government intervention to address rising living costs and support low-income families. The charity advocates for increased assistance, including expanding the Warm Home Discount and improving Universal Credit adequacy.

Briefed by Gibik from the original source.