Economy

Over one million people are considering a reduction to their pension contributions to deal with the cost of living crisis.

Latest report shows 4.4 million households are struggling financially, up from 2.8m in October 2021 - an increase of 1.6m households.

Drivers in Scotland face the highest increase to car insurance prices with an increase of 8.4 per cent as the average yearly premium reaches £580.

Increases in the cost of living have led to more financial difficulties with 85% of surveyed individuals having said they are worried about their personal finances and, some are expecting to save less or stop saving at all towards their short and long-term savings goals, or are cancelling or d

A new report published by the Office for Budget Responsibility (OBR) says "the world is becoming a riskier place" and that the UK's current fiscal direction is "unsustainable".