UK poverty research charity
The Joseph Rowntree Foundation has said Scotland must adopt a bolder, better-funded plan to reduce poverty as its Poverty in Scotland 2026 report shows 21% of children in relative poverty and 17% overall in poverty from 2022-25. The Scottish Government counters progress but accepts more work is needed while preparing a review of poverty targets.
The energy price cap is expected to rise sharply in January, with Cornwall Insight forecasting a 16% increase to about £1,999 for the typical dual‑fuel bill. UK households on Ofgem tariffs face a 4% rise in October, driven by high wholesale prices amid Middle East tensions and supply disruptions.
A nationwide cap on single bus fares has been announced, reducing prices from £3 to £2 across England. Funding of £454 million supports the move, with some areas already operating lower caps. The plan is framed as easing the cost of living and is backed by government officials, who say the measure won’t burden taxpayers.
The latest U.S. inflation readings show persistence above the Fed’s 2% target while growth softens in Q2. Consumer spending remains resilient, but higher borrowing costs and energy prices complicate the outlook as policymakers weigh future moves.
The UK faces renewed food-security concerns as heatwaves and drought push down cereal and oilseed harvests. Experts warn of higher prices and greater reliance on imports, with farmers cutting yields and livestock costs rising. Officials say the situation is likely to worsen into the autumn and into next year.
Inflation has remained stubbornly high as energy prices stay elevated following the Iran conflict. Across the U.S. and UK alike, prices have moved little since last month, with energy and food costs continuing to weigh on households. Analysts say ongoing volatility will keep consumer costs under pressure in the near term.
ONS data shows 981,000 young people aged 16-24 are not in education, employment or training (Neet) in April–June, a fall of 30,000 from January–March but 30,000 higher than a year ago. Milburn’s forthcoming review is expected to push for wide reforms to education, welfare and jobs support.
The government has faced rising inflation to 3.1% in August, driven by Middle East turmoil and higher fuel prices. Ministers are facing calls to act on the cost of living, with energy bills and transport costs under scrutiny ahead of the autumn Budget.
Inflation has moved to a five‑month high of 3.1% as fuel prices and airfares climb, driven by Middle East conflict. The government has announced relief measures while stressing fiscal prudence. The Budget is six weeks away, and markets face higher borrowing costs amid a fragile headroom.