Monday, 23 May 2016
Climate change impact on the cost of living (report)
This new report examines how climate change could affect day to day living costs of UK households. A key finding is that low income households will be most affected by climate change impacts on the costs of living. The food bill for an average household could rise by 9% by the 2050s and this will have a bigger impact on low income households, because their average household spending on food is higher. There are also large costs for those affected by increased flooding, especially for those without insurance which many low income households lack. In addition, there are higher risks of flooding in many deprived areas.