Costa living crisis sees almost a fifth of Brits stay home this summer

Costa living crisis as almost a fifth of Brits say they will forego a summer holiday this year amid a wave of belt-tightening that sees two-fifths eating out less

• People travelling less to visit friends and family and even shunning barbecues 
• Some 17 per cent responded that they were going without a summer holiday

Almost a fifth of Brits are going without a summer holiday because they are cutting back during the cost-of-living crisis, a new survey suggests today.

Nearly two fifths were eating out less and people were travelling less to visit friends and family and even shunning barbecues, the poll indicated.

In the research carried out by Savanta last week, 2,289 adults were asked what they were doing without or expecting to lack this summer because of struggles with high inflation.

Some 17 per cent responded that they were going without a summer holiday in the research commissioned by the Liberal Democrats. Just 19 per cent said they were not cutting back on entertainment.

It came as almost £1,000 was wiped off the average UK house price between June and July, according to an index.

The average property value fell by 0.3 per cent, marking the fourth monthly decline in a row, Halifax said.

Lib Dem Treasury spokeswoman, Sarah Olney, said: ‘It is shameful that the Government is ploughing on with massive tax cuts for the big banks, who are refusing to pass on saving rates whilst hiking mortgage bills.’

The party’s Treasury spokeswoman, Sarah Olney, said: ‘It is shameful that the Government is ploughing on with massive tax cuts for the big banks, who are refusing to pass on saving rates whilst hiking mortgage bills.

‘They do not deserve the reward of tax cuts whilst at the same time taxes are hiked on hardworking Brits.

‘Families across the country struggled through a winter of high energy bills, only to be clobbered with eye-watering mortgage payments this summer.’

The findings were published as Rishi Sunak and his wife and children were in California for what Downing Street said was their first proper family holiday for four years.

They were planning on visiting Disneyland and the Prime Minister was spotted at a Taylor Swift-themed SoulCycle in Santa Monica.

In the survey, 37 per cent responded that they were eating out less and 9 per cent said they were going to fewer outdoor events.

Sone 9 per cent said they were travelling less to see family and friends and 4 per cent were cutting back on barbecues.

The Lib Dems used the research to repeat their call for the Government to reverse a £3 billion tax cut for big banks in the form of the cut to the bank surcharge.

They want the money to be used instead to provide more cost-of-living support for families at risk of losing their homes because of soaring mortgage payments.

House prices dropped by 2.4 per cent on an annual basis in July, easing from a 2.6 per cent fall in June.

The typical UK home cost £285,044 in July, down from a peak of £293,992 last August.

In June this year, the average UK property value was nearly £1,000 higher than in July, at £286,011.

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