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The UK’s National Union of Students (NUS) has called for the chancellor to do more to help with the rising cost of living after its survey found almost all students are now having to make cutbacks.

Ninety-six per cent of those surveyed by the NUS say they are actively trying to save money, with half slashing spending on essentials such as food and heating their homes.

Financial worries are increasingly having a major impact on students’ mental health, NUS said, with rising costs leaving a quarter of students surviving on less than £50 a month after covering rent and bills, and 42 per cent surviving off less than £100.

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