Business

More than half of UK households cutting back on gas and electricity use due to cost of living crisis

More than half of UK households have cut down on their energy usage as a result of the cost of living crisis, new data suggests.

A survey carried out by the Office for National Statistics (ONS) revealed that 52% of Britons are using less gas and electricity in a bid to cut down costs.

The poll, carried out between 25 May and 5 June, also showed an increase in the number of people saying they are spending less on food and essentials – from 36% two weeks ago to 41%.

Jump in numbers cutting back on food; follow cost of living latest

Average energy bills for families on a standard variable tariff went up by 54% in April after a change in the government price cap.

The price of petrol has also increased dramatically, with the RAC hailing Thursday a “dark day for drivers” after the cost of filling up a family-size car surpassed £100 for the first time.

Follow the Daily podcast on Apple Podcasts,  Google Podcasts,  Spotify, Spreaker

More on Cost Of Living

The ONS survey found that 40% of people say they are cutting back on non-essential travel to avoid paying more for petrol.

More than three-quarters of households also said they have witnessed an increase in the price of fuel.

According to the latest data from the RAC and Experian, the average cost of petrol is 183.2p per litre and 188.8p per litre for diesel.

Soaring prices are the result of an increase in the cost of oil, sparked largely by the Russian invasion of Ukraine and post-COVID surge in demand.

There are fears they will go up even further, after CPI inflation increased to 9% in April and as China’s manufacturing sector gets back to business following a series of strict lockdowns.

‘Worst week of pump pain so far’

Commenting on spiralling fuel costs, AA president Edmund King said: “High streets are already reeling from families cutting back in this cost-of-living crisis.

“With soaring petrol costs, shop tills are haemorrhaging £23 million a day to fuel.

“Worse still, as the holiday season approaches, UK tourism will see millions of pounds of potential spending by visitors lost to higher petrol costs at forecourts along the way. This is the worst week of pump pain so far for drivers.”

Articles You May Like

PM expects people will ‘beat me up’ after by-election losses – as he warns public of ‘tough times’ ahead
Boris Johnson confident of winning second term as PM – and eyeing up third
Sugababes on change in the industry, regaining control and going back on tour
British Airways workers at Heathrow vote to strike during school summer holidays
‘You can never ask a child to go back’: Texas massacre school is to be demolished