Cost-of-living crisis to cost households £65bn

Glasgow high street

The cost-of-living crisis is likely to go on for the next 10 months and cost households £65bn, according to the latest research by Retail Economics and Grant Thornton UK LLP.

The report said an average UK household will be £2,300 worse off by the end of the crisis. Households have already taken a £50bn hit in spending power with £15bn more to come.

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