Everything you need to know about the record-breaking levels of inflation the UK is experiencing right now, and how they impact you.
are hit hardest, as the shortfall in people’s incomes to pay for vital essentials like food leaves them more vulnerable to inflation.reveals almost half its users report being left with nothing to live on each week after paying for housing, council tax and utility bills.
“With inflation reaching 9.4% and wiping out pay increases, the cost of living crisis is only worsening and no time can be lost in preparing the country for profoundly difficult months to come,” explains Rebecca McDonald, chief economist at the“Just last month we found that about 7 million households have already missed out on essentials like heating, toiletries or showers because they couldn’t afford them.
A spokesperson for Turn2Us said that the news would “no doubt cause huge concern and worry for people across the UK who are already struggling to afford the essentials”. Both the Joseph Rowntree Foundation and Turn2Us agree that intervention is urgently needed to catch people before they fall into crisis in the months to come, and that the government must ensure that, as a minimum, benefit levels are increased to meet the true cost of living so that money is not taken away from people at a time when they need it most.
Danmark Seneste Nyt, Danmark Overskrifter
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