Two thirds cutting back on food spend as majority concerned by cost of living crisis

The number of people who have identified the cost of living crisis as a concern has jumped considerably in just eight months. 

Consumer pessimism is at the highest level seen in nine years with the cost of living a "key concern" for the vast majority of people.

Almost two thirds of people (62%) have said in a new report that they will have to cut back on food spending over the coming year in response to sharp price rises.