New warning on CostOfLivingCrisis as new figures show one third of black Londoners are struggling to pay the bills
WORRIED: London Mayor Sadiq Khan
The Retail Price Index – the real cost of living measurement for ordinary people – is predicted to reach over 17% later this year, even higher than inflation which is expected to hit 13%, while the Bank of England governor Andrew Bailey, who picks up a £500,000 salary, has called for pay restraint.that four in ten of black and other racialised Londoners were living in poverty compared to 27% of all households in the capital.
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