Fuel and travel costs are pushing prices up again
Thursday 5 November 2026
Inflation has risen to 3.1%, meaning everyday spending is getting more expensive just as household budgets are already under pressure.
Public spending divided by the number of people it covers.
To compare spending across places or years, divide the amount spent by the number of residents. The answer is public spending per person, also called per capita spending. Check what spending is included: all public spending, healthcare or just one local service will give very different figures. It is an average across residents, not a cash payment to each person. To compare years fairly, also allow for changes in prices and consider changes in the population's needs.
If a made-up area spends £1 million on a service for 1,000 residents, the spending is £1,000 per person. This does not mean every resident received £1,000 worth of that service.
Spending may rise in pounds while falling per person as a population grows, or rising less than prices. This measure helps reveal that difference.
The gap when the government and wider public sector spend more than they receive over a period.
Government decisions about taxes, spending and borrowing.
A way of comparing money in different years after allowing for changes in prices.
Support provided through a targeted tax break instead of a direct payment from public funds.
Keep in the loop
Highlights from about the UK economy, the UK government and the UK public sector.
Thursday 5 November 2026
Inflation has risen to 3.1%, meaning everyday spending is getting more expensive just as household budgets are already under pressure.
Wednesday 4 November 2026
Interest rates are staying at 3.75%, so households with mortgages and other borrowing may have to wait longer for costs to come down.
Wednesday 4 November 2026
A higher energy price cap means many households will be paying more to heat and power their homes during the colder months.
Guides and insights
Clear, accessible analysis of the economic issues shaping everyday life
Living standards
Comparing the cost of everyday life across generations, from bread and beer to buying a home.
Food & prices
How farming, energy, transport and supermarket competition shape the price on the shelf.
Prices & inflation
What slower price rises mean for wages, purchasing power and economic recovery.
Shared prosperity
Beyond GDP: how we could measure economic success through security, opportunity and living standards.
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