Cost of Living Spending Cuts - What Are People Spending Less On?

The cost of living crisis has led to the British public reducing the amount they spend, but what have they actually cut back on?

A picture of somebody holding a selection of coins in their hand.
(Image credit: Getty)

The headline figures of the cost of living crisis are startling. Food costs are at a 45-year high with prices not seen since 1977 with the price of basic foodstuffs rising by up to 80% according to James Sillars and Niamh Lynch over at Sky News. 

This is on top of incredibly high energy prices, increases in both mortgage rates for homeowners and rents for renters, and a high rate of general inflation off the back of the pandemic. It’s not a pleasant picture whichever way you look at it.

Jordan Alexander
Food & Drink Editor

I’m Jordan and I’ve been working at MyVoucherCodes since the summer of 2021. Outside of money-saving, I’m a keen musician and guitar player and can regularly be found in a dingy venue somewhere in Bristol or perched in front of my laptop recording. When I’m not doing this you’ll find me exploring the city, watching cult B movies, reading a Stephen King or Murakami novel, or guiding the mighty Bath City to Champions League glory on Football Manager. All the cliches, I know.