Latest news with #OfficeforNationalStatistics
Scottish Sun
10 hours ago
- Business
- Scottish Sun
The average price of a pint rises AGAIN across UK – how much more are Scots paying?
Scots will have to cough up more than a hangover for a trip to the pub as prices increase again. OH BEER The average price of a pint rises AGAIN across UK – how much more are Scots paying? A TRIP to the pub will cost Scots more than a just hangover as punters are being forced to cough up more than ever. The average price of a pint has now soared to £5.17 across the UK, leaving a bitter taste in punters' mouths. 1 Pint of beer next to a map of the UK highlighting a region. In February we reported how Scotland saw the biggest percentage price increase across the whole of Britain. Now it has gone up again with the cost increasing by 34p compared to figures reported by the Office for National Statistics at the start of the year. Beer prices have risen sharply as manufacturers and pubs grapple with higher alcohol taxes, soaring utility bills and increased staffing costs. Trade magazine The Morning Advertiser regularly examines the average cost of a pint across London, the Midlands, the North East, the North West, the South East, the South West, Scotland, and Wales. According to its latest research, London tops the list for the priciest pints, with pub owners charging an average of £6.10. On the more affordable end of the scale, Tennent's and Carlsberg emerged as the cheapest options, with drinkers paying an average of £4.23 per pint across England, Wales, and Scotland. UK pub numbers have now plunged by more than 2,000 since the start of 2020. A number of breweries are facing trouble too, including the Fourpure brewing company which appointed administrators in October and the Magic Rock Brewery which said it would bring in administrators at the start of the year. Meanwhile, Carlsberg Marston's Brewing Company (CMBC) said in November it would stop making eight classic British cask beers following a review. A number of pubs also warned they would have to hike prices for customers this year after the Government's Autumn Budget. Stunning beer prices at Miami GP revealed as F1 fans face staggering cost for drinks, steak sandwiches and pizza Employer National Insurance Contributions (NICs) and the national minimum wage both rose in April. But businesses cautioned this would force them into upping the price of drinks as they try and absorb the extra costs.
Rhyl Journal
2 days ago
- Business
- Rhyl Journal
UK renters hit hardest by inflation as household costs surge
Inflation for Britons who rent their homes climbed 3.6% in the year to March, according to the Office for National Statistics (ONS), the highest of any group. It was also far above headline inflation of 2.6% over the same period, reflecting how spiralling rents for the UK's 5.5 million private tenants continue to outstrip broader price rises in the economy. By contrast, costs for people who own their homes increased by 1.8%, making them the group most sheltered from inflation. UK household costs, as measured by the Household Costs Indices (HCIs), increased by 2.6% in the year to March 2025, down from 2.9% in the year to December 2024. HCIs provide insight into inflation as experienced by different types of households. ➡️ — Office for National Statistics (ONS) (@ONS) May 29, 2025 The figures underline the challenge facing Sir Keir Starmer's government, as it tries to ease an acute housing shortage that has pushed up rents and prices in recent years. Labour has promised to build 1.5 million homes by 2030 but the Office for Budget Responsibility recently forecast it will fall short by about 200,000. Think tank the Resolution Foundation said housing continues to be a 'major headwind' in the cost-of-living crisis. Senior economist Simon Pittaway told the PA news agency: 'Inflation is at the forefront of everyone's minds but some groups have been hit harder by recent price rises than others. 'As policy makers grapple with ongoing cost-of-living concerns, boosting support for low-income families who rent and increasing the availability to homes to buy should be priorities.' By comparison, people who have mortgages saw inflation ease to 2.8%, well below 5.6% from the year before, after the Bank of England cut interest rates several times in 2024 and early 2025. The base interest rate helps dictate how expensive it is to take out a mortgage or a loan, as well as influencing the interest rates offered by banks on savings accounts. Hikes in recent years, designed to combat skyrocketing inflation, have left mortgage rates much higher than was normal for most of the last decade. Social renters, such as people who live in rented council homes, were the next worst affected after private renters, with average inflation of 3%. The ONS also found that families who are working age faced a higher rate of inflation, at 2.8%, than retired people, at 2.1%. And households with children saw price rises of 2.8% compared to those without, who saw a 2.6% increase.
South Wales Guardian
2 days ago
- Business
- South Wales Guardian
UK renters hit hardest by inflation as household costs surge
Inflation for Britons who rent their homes climbed 3.6% in the year to March, according to the Office for National Statistics (ONS), the highest of any group. It was also far above headline inflation of 2.6% over the same period, reflecting how spiralling rents for the UK's 5.5 million private tenants continue to outstrip broader price rises in the economy. By contrast, costs for people who own their homes increased by 1.8%, making them the group most sheltered from inflation. UK household costs, as measured by the Household Costs Indices (HCIs), increased by 2.6% in the year to March 2025, down from 2.9% in the year to December 2024. HCIs provide insight into inflation as experienced by different types of households. ➡️ — Office for National Statistics (ONS) (@ONS) May 29, 2025 The figures underline the challenge facing Sir Keir Starmer's government, as it tries to ease an acute housing shortage that has pushed up rents and prices in recent years. Labour has promised to build 1.5 million homes by 2030 but the Office for Budget Responsibility recently forecast it will fall short by about 200,000. Think tank the Resolution Foundation said housing continues to be a 'major headwind' in the cost-of-living crisis. Senior economist Simon Pittaway told the PA news agency: 'Inflation is at the forefront of everyone's minds but some groups have been hit harder by recent price rises than others. 'As policy makers grapple with ongoing cost-of-living concerns, boosting support for low-income families who rent and increasing the availability to homes to buy should be priorities.' By comparison, people who have mortgages saw inflation ease to 2.8%, well below 5.6% from the year before, after the Bank of England cut interest rates several times in 2024 and early 2025. The base interest rate helps dictate how expensive it is to take out a mortgage or a loan, as well as influencing the interest rates offered by banks on savings accounts. Hikes in recent years, designed to combat skyrocketing inflation, have left mortgage rates much higher than was normal for most of the last decade. Social renters, such as people who live in rented council homes, were the next worst affected after private renters, with average inflation of 3%. The ONS also found that families who are working age faced a higher rate of inflation, at 2.8%, than retired people, at 2.1%. And households with children saw price rises of 2.8% compared to those without, who saw a 2.6% increase.
North Wales Chronicle
2 days ago
- Business
- North Wales Chronicle
UK renters hit hardest by inflation as household costs surge
Inflation for Britons who rent their homes climbed 3.6% in the year to March, according to the Office for National Statistics (ONS), the highest of any group. It was also far above headline inflation of 2.6% over the same period, reflecting how spiralling rents for the UK's 5.5 million private tenants continue to outstrip broader price rises in the economy. By contrast, costs for people who own their homes increased by 1.8%, making them the group most sheltered from inflation. UK household costs, as measured by the Household Costs Indices (HCIs), increased by 2.6% in the year to March 2025, down from 2.9% in the year to December 2024. HCIs provide insight into inflation as experienced by different types of households. ➡️ — Office for National Statistics (ONS) (@ONS) May 29, 2025 The figures underline the challenge facing Sir Keir Starmer's government, as it tries to ease an acute housing shortage that has pushed up rents and prices in recent years. Labour has promised to build 1.5 million homes by 2030 but the Office for Budget Responsibility recently forecast it will fall short by about 200,000. Think tank the Resolution Foundation said housing continues to be a 'major headwind' in the cost-of-living crisis. Senior economist Simon Pittaway told the PA news agency: 'Inflation is at the forefront of everyone's minds but some groups have been hit harder by recent price rises than others. 'As policy makers grapple with ongoing cost-of-living concerns, boosting support for low-income families who rent and increasing the availability to homes to buy should be priorities.' By comparison, people who have mortgages saw inflation ease to 2.8%, well below 5.6% from the year before, after the Bank of England cut interest rates several times in 2024 and early 2025. The base interest rate helps dictate how expensive it is to take out a mortgage or a loan, as well as influencing the interest rates offered by banks on savings accounts. Hikes in recent years, designed to combat skyrocketing inflation, have left mortgage rates much higher than was normal for most of the last decade. Social renters, such as people who live in rented council homes, were the next worst affected after private renters, with average inflation of 3%. The ONS also found that families who are working age faced a higher rate of inflation, at 2.8%, than retired people, at 2.1%. And households with children saw price rises of 2.8% compared to those without, who saw a 2.6% increase.
Glasgow Times
2 days ago
- Business
- Glasgow Times
UK renters hit hardest by inflation as household costs surge
Inflation for Britons who rent their homes climbed 3.6% in the year to March, according to the Office for National Statistics (ONS), the highest of any group. It was also far above headline inflation of 2.6% over the same period, reflecting how spiralling rents for the UK's 5.5 million private tenants continue to outstrip broader price rises in the economy. By contrast, costs for people who own their homes increased by 1.8%, making them the group most sheltered from inflation. UK household costs, as measured by the Household Costs Indices (HCIs), increased by 2.6% in the year to March 2025, down from 2.9% in the year to December 2024. HCIs provide insight into inflation as experienced by different types of households. ➡️ — Office for National Statistics (ONS) (@ONS) May 29, 2025 The figures underline the challenge facing Sir Keir Starmer's government, as it tries to ease an acute housing shortage that has pushed up rents and prices in recent years. Labour has promised to build 1.5 million homes by 2030 but the Office for Budget Responsibility recently forecast it will fall short by about 200,000. Think tank the Resolution Foundation said housing continues to be a 'major headwind' in the cost-of-living crisis. Senior economist Simon Pittaway told the PA news agency: 'Inflation is at the forefront of everyone's minds but some groups have been hit harder by recent price rises than others. 'As policy makers grapple with ongoing cost-of-living concerns, boosting support for low-income families who rent and increasing the availability to homes to buy should be priorities.' By comparison, people who have mortgages saw inflation ease to 2.8%, well below 5.6% from the year before, after the Bank of England cut interest rates several times in 2024 and early 2025. The base interest rate helps dictate how expensive it is to take out a mortgage or a loan, as well as influencing the interest rates offered by banks on savings accounts. Hikes in recent years, designed to combat skyrocketing inflation, have left mortgage rates much higher than was normal for most of the last decade. Social renters, such as people who live in rented council homes, were the next worst affected after private renters, with average inflation of 3%. The ONS also found that families who are working age faced a higher rate of inflation, at 2.8%, than retired people, at 2.1%. And households with children saw price rises of 2.8% compared to those without, who saw a 2.6% increase.
