Inflation in the U.K. has hit a 41-year high driven in large part by gas and electricity costs. In the latest, some parents are struggling to afford school meals. Free school lunches are provided for all 4- to 7-year-olds in England, but most parents of older children have to pay about two pounds USD a day for their child to have a cooked meal.

Cost of living crisis looms over UK schools

"Even though this country is going through some sort of recession, the Pound still holds a lot of power as compared to Indian Rupee." The above comment by Kritin Pandita, an Indian student who went to Britain to pursue a Master's in Data Science at the University of Nottingham a year ago, reflected the wider sentiment shared by Indians studying in Britain amid the ongoing cost of living crisis.

Part-time jobs, skipped meals: Indian students in UK battle to stay afloat

According to Barclaycard, almost half of Britons plan to cut down on Christmas gifts to try to save money amid the biggest cost of living crisis in the country.

48 percent people plan to spend less this Christmas, says Barclaycard