4 out of 5 Britons cut back to cope with rising costs

As food and fuel prices continue to rise at a steady pace, a new survey has revealed that 4 out of 5 Britons have changed their spending patterns over the last 12 months. Insolvency group R3 found that the majority of the people in the UK have cut back their spending habits on non-essential items to cope with rising costs and inflation. In addition to cutting back, the study also found that people are now more likely to shop around and buy 'value' products than they were 12 months ago.