A survey suggests that seven out of ten households in the UK fear they will be affected by the cost-of-living crisis in the first part of the 2023.

A surge in Britain's financial sector salaries in recent months exacerbates the economic situation in society amid the nation's cost-of-living crisis.

The British government has admitted its inability to help people overcome the current cost-of-living crisis, saying it has to be prudent with its spending to avoid getting stuck in the inflationary spiral.