‘STICK to the plan because the plan is working”. So says our mega-rich Prime Minister as he heralds a drop in inflation to 7. Is it though?
The cost of living crisis has made a bad situation worse amid the UK’s existing income inequalitySo says our mega-rich Prime Minister as he heralds a drop in inflation to 7%. Is it though?
Everyone knows energy prices have gone through the roof over the last two years. So much so that when the RAC gives the pump price for petrol this August at £1.50 a litre, we are relieved it is so much better than last year’s peak of nearly two quid.But the real killer is the cost of food. And although averages are masked by many people being on fixed-term deals, the costs of new mortgages have also rocketed, leaving many households living in accommodation they can no longer afford.
The UK already had a very high level of income inequality compared to other developed countries, and the recent cost of living crisis has just made a bad situation worse.
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