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Prices and consumption


Exploring the impact that the fluctuating costs of everyday essentials, such as food and fuel, can have on people’s living standards is a core part of our cost-of-living work.

Events

The long crunch

How can the Chancellor allay cost of living concerns in the Budget?

Households across Britain have spent most of the 2020s stuck in a cost of living crunch. With inflation rising again, and the energy price cap forecast to rise to over…
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Publications

Losing energy

How have households across the country responded to fuel-price shocks?

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The huge rise in energy prices following Russia’s invasion of Ukraine has forced families to adjust to a new reality of high energy prices. Indeed, while energy use has fallen…
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Publications

Billing me softly

How to design targeted energy discounts

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Less than a month after Britain’s new Prime Minister took office, and despite a day one decision to cut VAT from electricity bills, yet another escalation in the war in…
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Comment

Trimming the VAT

Breathing space, off-target support and unfunded policies

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Jonny Marshall breaks down the upsides and limitations of the Burnham Government’s first new policy. Andy Burnham has promised to lead a ‘cost-of-living Government’, and the millions of households struggling…
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Comment

Higher energy prices could leave typical British households £480 worse off this year

Mike Brewer and the RF team unpack what the current conflict in the Middle East means for living standards

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This post was originally published on our Substack. Never has the phrase ‘fog of war’ been more apt. The fighting in the Middle East had looked all set to escalate…
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Publications

Power cut

What the Government’s energy bill discount means for households, and what comes next

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Next week, Ofgem is expected to announce that the Q2 2026 energy price cap will be nearly £120 below current levels. This reduction is overwhelmingly driven by the Government’s energy…
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Events

Explaining the consumption gap

Keynote speech by External MPC member Dr. Catherine L. Mann

Register to attend in person or to receive an access link for online viewers. In recent years, UK households have faced a number of economic challenges, contributing to subdued growth…
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