3 Aug 2016

A new report by Paul Watkiss Associates, Climate change and the cost of living, examines how climate change could affect day to day living costs of UK households, with a particular focus on low income households...

A new report by Paul Watkiss Associates, Climate change and the cost of living (funded by Joseph Rowntree Foundation), examines how climate change could affect day to day living costs of UK households, with a particular focus on low income households.

 

A key finding is that low income households will be most affected by climate change impacts on the costs of living, either because they will have less buying power, a reduction in their quality of life, or because of patterns of risk.

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Climate change will lead to a wide range of impacts, with associated costs for households in the UK. The household items which are most likely to be affected include: food, energy, water and housing maintenance and repair.

 

The report suggests the biggest negative impacts are likely to be a substantial increase in food prices and costs associated with flooding.  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.

 

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For more information about this research, please contact Katharine Knox JRF policy and research manager.

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