More and more UK employees are combining business trips with leisure activities, creating a trend known as ‘blended travel’. This surge is driven by financial savings, the chance to explore new places, and a desire for work-life balance amidst economic challenges.
With the energy price cap dropping on July 1st, Money Saving Expert advises taking meter readings and potentially topping up prepay meters to ensure you benefit from the lower rates. While the savings may seem small, they can add up to significant amounts over the year. However, the cap is expected to rise in October, so consider building up credit or looking into fixed deals to avoid future price hikes.
Amidst the ongoing cost of living crisis, Peterborough emerges as the most affordable city in the UK for families. A comprehensive study by Shepherds Friendly analyzed key factors such as housing costs, childcare expenses, utilities, and income levels in 40 cities. Peterborough stood out with its low childcare costs (averaging £700 per month) and affordable utilities (around £160 per month). Despite relatively higher property prices compared to some areas, Peterborough remains significantly cheaper than major cities like London and Cambridge. Aside from its affordability, Peterborough offers an array of attractions for families, including historical landmarks, nature reserves, and outdoor recreation options.
Thousands of families on the brink of financial crisis are set to receive a lifeline with £315 in supermarket vouchers. Customers of Lidl, Aldi, Sainsbury’s, Morrisons, Tesco and Asda will benefit from the government-extended Household Support Fund. Stockport Council is distributing the vouchers to families with children who are entitled to free school meals, families with children eligible for vouchers through Local Council Tax Support and/or Housing Benefit. The vouchers will be distributed by email or post and can be used to purchase essential items.
Edinburgh City Council’s transport committee has voted against plans for a Workplace Parking Levy, which would have charged businesses £650 per space provided to workers. The scheme was first outlined in 2018 but has been rejected after concerns were raised about the potential impact on low-paid workers and increased parking in residential areas. Liberal Democrat group leader Kevin Lang said that the charges could be easily dodged by stopping vehicles outside houses, while transport convener Scott Arthur suggested that the scheme may not actually have any impact in reducing car use. The Green Party and the SNP had backed the project but it was ultimately rejected by a vote of 6-5.
Rising living costs are pushing more people into poverty, with an estimated 14.4 million people living in poverty in the UK in 2021/22. Despite the severe impact on individuals and families, shame and stigma surrounding poverty prevent many from speaking out and seeking help. This stigma is perpetuated by public perceptions that poverty is a result of laziness or irresponsibility, rather than a consequence of systemic issues. The Joseph Rowntree Foundation’s Poverty Stigma report highlights the need to challenge these harmful stereotypes and create a more compassionate and supportive society for those struggling financially.
British Gas has launched a new initiative called ‘You Pay: We Pay’ to assist customers struggling with energy bills. The scheme aims to alleviate debt by matching customers’ affordable payments with an equal credit top-up for six months. British Gas emphasizes that customers must continue paying their bills, but only as much as they can afford. The company has allocated £15 million to fund the scheme, which is part of its £140 million support package for households experiencing fuel poverty. To qualify for the extra credit, customers must undergo an assessment with a specialist adviser. Additionally, the British Gas Energy Trust offers grants of up to £2,000 to households in financial hardship. Other energy suppliers, including Scottish Power, E.on, Ovo, Shell, and Octopus, provide various forms of assistance to customers facing financial difficulties.
Morrisons has emerged as the UK’s most affordable supermarket, dethroning previous winners Aldi and Lidl. Despite being criticized for higher prices in the past, Morrisons now offers a weekly shop of essential items for £11.97, compared to £12.11 at Lidl and £12.14 at Aldi. This turnaround is attributed to a bargain pack of mince sold at £1.99.
Iceland supermarket has expanded its £1 range, adding 50 new items, including ready meals and frozen pizzas, bringing the total number of products costing £1 or less in-store and online to 750. Customers are praising the retailer for helping those who are struggling to afford basic necessities such as food. According to Richard Walker, executive chairman of Iceland Foods, the company is committed to providing affordable options for its customers during this difficult financial time.
Amidst the cost of living crisis and soaring fuel costs, financial expert Martin Lewis has shared a valuable tip for road users. He recommends using PetrolPrices.com, a website and app that enables drivers to identify the most affordable petrol stations within a desired radius. By utilizing this tool, motorists can potentially save money on their fuel expenses.
