Londoners are spending more than 2,000 a month on bills for the first time

Londoners are spending more than 2,000 a month on bills for the first time

Briefly

"Londoners are spending over 2,000 a month on bills and outgoings for the first time as the cost-of-living crisis bites, according to new research. MoneySuperMarket says the total monthly spend of 2,050.07 compares with just 1,807.74 in September 2024, a 13 per cent increase and about 68.40 per day. Those in the capital earning a typical take home pay of 37,308 have 1,056.93 disposable income every month."

"As spending on household bills climbs, it's more important than ever for people to compare prices regularly to ensure they're getting the best deal. From energy and broadband to mobile contracts and insurance, savings made from switching could help offset rising costs in other areas, such as groceries and fuel. That's why it's worth reviewing your tariff and considering a fixed-rate deal if it suits your needs."

"It comes as the bosses of the UK's biggest supermarkets urged the Chancellor to exempt shops from a new business rates surtax, warning that shoppers will bear the brunt of higher costs. A letter, organised by industry group the British Retail Consortium and addressed to Rachel Reeves, argues that limiting the tax burden on grocers would help tackle food inflation. It has been signed by UK executives and directors at Tesco, Sainsbury's, Aldi, Asda, Iceland, Lidl, Marks and Spencer, Morrisons and Waitrose."