LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Food is the biggest sacrifice Brits are making to afford their energy bills

Philip Roth by Philip Roth
October 4, 2023
in UK
Food is the biggest sacrifice Brits are making to afford their energy bills
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Building a rental portfolio? London investors are looking to Scotland – London Business News | London Wallet

Top 10 real estate tokenisation development companies in 2026 – London Business News | London Wallet

SAP migration in 2026: Moving beyond technical conversion to enterprise value – London Business News | London Wallet

Although temperatures are yet to drop, the worry has already begun for two thirds of Brits. A recent study by Currys revealed that 66% of Brits are worried about heating their homes this winter.

Energy prices started to rise exponentially in late 2021 and have risen multiple times since. These rises have impacted most households across the UK with 69% claiming that they have impacted their disposable income.

This has meant that UK households have had to make home and lifestyle changes to cut costs. According to the study, the biggest change Brits have made is using their appliances less, a habit 66% have admitted to adopting post-price hike. In second place is washing clothes at a lower temperature with 62% reporting that they did so, and in third place 61% of those asked are turning down their thermostat.

Although all these steps are positive ones from an eco-friendliness point of view, 18% of respondents are not planning on using their heating at all, which could have an impact on property condition and health of the residents.

When asked which living costs they were most worried about, 65% stated that it was their energy and heating costs which were the biggest cause of their financial anxiety.

Over 1 in 5 (22%) are paying £51-£100 more a month on energy bills. This is equal to paying £612 to £1200 more a year.

Despite taking on energy saving habits, over half of Brits have had to make lifestyle sacrifices in order to pay their energy bills, and the biggest sacrifice being made is food.

When asked about which lifestyle sacrifices they have made to cut costs, 68% said they are eating out less, 63% are cutting down on takeaways and 54% have switched to buying non-branded groceries. One respondent commented that they are “Not eating full stop, only eating one meal a day, [and] walking miles instead of paying bus fare.”

Other sacrifices include reducing clothing purchases (60%), socialising less (51%) and stopping memberships such as the gym and clubs (17%).

And the impact? 46% said that their mental health has been negatively impacted by energy price rises, likely not helped by giving up little luxuries.



Source link

Share30Tweet19
Previous Post

BIS, EU central banks building data platform to track crypto, DeFi flows

Next Post

Meet JUXTA Nomad – a portable, autonomous mini mart you may see at EV charging stations soon

Philip Roth

Philip Roth

Recommended For You

Building a rental portfolio? London investors are looking to Scotland – London Business News | London Wallet
UK

Building a rental portfolio? London investors are looking to Scotland – London Business News | London Wallet

January 16, 2026
Top 10 real estate tokenisation development companies in 2026 – London Business News | London Wallet
UK

Top 10 real estate tokenisation development companies in 2026 – London Business News | London Wallet

January 16, 2026
SAP migration in 2026: Moving beyond technical conversion to enterprise value – London Business News | London Wallet
UK

SAP migration in 2026: Moving beyond technical conversion to enterprise value – London Business News | London Wallet

January 16, 2026
US deal to have Greenland ‘should and will be made’ as Trump ‘is serious’ – London Business News | London Wallet
UK

US deal to have Greenland ‘should and will be made’ as Trump ‘is serious’ – London Business News | London Wallet

January 16, 2026
Next Post
Meet JUXTA Nomad – a portable, autonomous mini mart you may see at EV charging stations soon

Meet JUXTA Nomad – a portable, autonomous mini mart you may see at EV charging stations soon

Related News

Here are Monday’s biggest analyst calls: Nvidia, Tesla, Apple, Walmart, Microsoft, Disney, Arm, GM, DraftKings & more

Here are Monday’s biggest analyst calls: Nvidia, Tesla, Apple, Walmart, Microsoft, Disney, Arm, GM, DraftKings & more

June 10, 2024
Man Utd rue missed chances as Smith Rowe earns point for Fulham

Man Utd rue missed chances as Smith Rowe earns point for Fulham

August 24, 2025
Big week for crypto — Here’s everything you need to know

Big week for crypto — Here’s everything you need to know

June 14, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • jutawantoto
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?