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

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

Will the era of Charles III be fraught with economic uncertainty, dampening national sentiment?

Britons say 'can't pay, won't pay' as energy prices to surge further in 2023