Almost four in 10 people have to use credit cards to cover the rising prices of essentials, says Nationwide The deepening cost-of-living crisis has pushed up bills in the UK, with households now spending 12% more on essentials than they were a year ago, Nationwide reports. According to the monthly analysis by Britain's biggest building society, spending on utility bills jumped by around a third (34%) last month in annual terms. Spending on mortgage payments surged by 17%, while rent payments were up by 11%. The report also showed that spending on loans and insurance rose by 8% and 7%, respectively. The study found
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