Cost Of Living Increase 2024 Uk Reddit. Low income households will see an improvement to their living standards: They calculate that average monthly uk household expenditure on food in 2022 increased by £33.90, with £14.23 of that being attributable to climate change.
This report puts some stats on it. If your costs increase more than your salary increase, but then you’re also getting taxed more on your pay rise, then that pay rise isn’t going to cover as much of your living costs as it should if there wasn’t the band freeze in place.