Reverend Ian Rutherford talks to KayBurley about how the end of furlough and rising cost of living have contributed to people becoming homeless. Latest: KayBurley 📺 Sky 501, Virgin 602, Freeview 233 and YouTube
"We've had two bad winters and luckily we've got through it, but I don't think we'll survive another one."
But according to the Office for National Statistics, which has tried to create a synthetic version of CPI going back to the 1950s, this is the highest level since 1982.For while everyone knows and understands that the main thing pushing up prices this time is household bills the inflationary forces go far beyond that.
But it is likely to rise again by the end of the year. Economists still expect it to come down quite quickly thereafter. "We are likely to be in a prolonged period during which poorer households are facing rates of inflation even higher than the headline figures would suggest." A windfall tax would affect firms from BP and Shell to smaller ones, such as Harbour Energy which extracts oil from the North Sea.One of the most famous examples of a windfall tax in the UK was one announced by then-chancellor Gordon Brown in 1997 when the privatised utilities were hit for around £5bn to pay for New Labour's Welfare to Work programme.
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