Households have forked out £14k extra on bills since 2021 – as weak consumer spending holds back growth
Spiralling mortgage, loan, energy and water bills have left many households spending an average £2,792 extra a year – or £13,961 since 2021. The UK has seen the lowest growth in consumer spending in the G7 since before the pandemic. Addressing spiralling living costs is essential to boosting household incomes, improving consumer spending and strengthening growth.
Press Release
15 Oct 2026