'The fact is we don’t just have a cost-of-living crisis - we have a deep inequality crisis - but the Tories don’t care about that.' | jonmolyneuxSGP ✍️
This week, the Bank of England delivered updated economic forecasts that will be a hammer blow for millions who are already reeling from soaring living costs.
It holds almost all the levers to do something about this - over setting fiscal and monetary policy, regulating the energy market and overseeing most social security - yet it is nowhere to be seen. It showed that while the UK’s richest fifth will experience inflation running at around 7%, for the poorest, it will be more like 15%. That’s because poorer households already spend almost 60% of their cash on food, energy and essential bills - now those costs are set to soar even higher.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Hard-up Brits will be hit by year-long recession as interest rates hit 1.75%HOUSEHOLDS were told yesterday to prepare for a 15-month recession and the highest inflation rate in 42 years. In what was dubbed a Black Thursday for the economy, the Bank of England raised intere…
Lire la suite »
Energy crisis: shiver not at colder houses and warmer clothes\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Lire la suite »
Energy crisis: shiver not at colder houses and warmer clothes\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Lire la suite »
Social care sector already crippled by cost of living crisis, as interest rates riseCare homes are struggling to find and keep staff as wages cannot keep pace with inflation - with some facing closure. JaneDJourno reports.
Lire la suite »