Cost of living

What is the cost of living crisis?

The cost of living crisis is a term used to describe the rising costs of everyday essentials, including food and energy, which have had an impact on everyone’s disposable income.

It's been happening since late 2021, mostly because of inflation. It’s left many people struggling financially.

Many people in the UK have less money to spend on recreational activities (like buying clothes and eating out), and are struggling to pay their bills, rent and insurance.

Support for money worries

The cost of insurance has risen over the past few years, whether it's for your car, home, pets or something else.

This is because of a range of reasons, including inflation and the rising cost of claims.

With the price increases, as well as the cost of living crisis, more of us might be struggling to pay for our policies.

If you're struggling with rising costs, it's best to reach out to us sooner rather than later for support. We might be able to offer flexible solutions or guidance based on your circumstances.

The best way to contact us is by completing our online form or using the contact details below.

Independent financial support

You might find it useful to get independent advice if you're struggling with your finances:

• MoneyHelper has a debt advice locator and other links to free advice and tools, making it easier for you to find the right help.
• The Financial Conduct Authority has information on dealing with the financial impact of the rising cost of living.