Branch2 Intelligence
The priciest places to live in the UK: See how your cost of living compares
Key takeaway
UK households face sustained cost-of-living pressure from high inflation and interest rates, squeezing discretionary spending.
- Step 11st-order: BoE maintains high base rate to curb inflation, increasing mortgage and loan costs for households.
- Step 22nd-order: Households cut discretionary spending (home improvement, dining out, leisure) to cover essentials.
- Step 33rd-order: UK SMEs in discretionary sectors experience lower revenue and margins, while those with variable-rate debt face higher interest costs.
Source: This is Money
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