14.5 million people are currently living in poverty in the UK. Since 2008 the number of foodbank users increased from 26,000 to more than 2.56 million. A 30% increase in homelessness has been predicted over the next two years.*
In July, inflation hit a high of over 10%, meaning the cost of everyday goods is now 10% higher than this time last year, from food to petrol and energy bills. The latter set to rise in October, the cost of living crisis looks set to continue for some time.
Charities will also feel the effects of increased costs, with 58% saying income and financial stability was one of their three top challenges, and 71% expressed concerns over managing the increased demand for their services.