Residing requirements are anticipated to fall this 12 months at their quickest tempo for many years as costs rise and wages fail to maintain up.
Folks on the bottom incomes are being hit hardest by the cost-of-living disaster as a result of important items like fuel, electrical energy and meals are seeing the most important will increase.
Economists’ forecasts appear to get bleaker with alarming frequency. I will be right here on Monday 23 Could to reply your questions on what all of it means.
Many people can have acquired alarming letters from vitality firms informing us of large will increase to our month-to-month funds. Little doubt you should have observed costs on petrol forecourts hitting report ranges.
Pricier gasoline means additional prices for companies, which is able to quickly be handed on to shoppers.
Russia’s conflict in Ukraine is having an influence nicely past that nation’s borders, pushing up vitality and meals prices throughout Europe.
However the UK’s cost-of-living disaster has a lot deeper roots and was already constructing lengthy earlier than Vladimir Putin ordered his troops to assault.
Whereas we’re all conscious of how rising costs are affecting us, many questions probably stay.
What is actually inflicting this case, how has it been allowed to occur and what could be accomplished to alleviate it within the brief time period, in addition to shield us in future?
I’ll be right here to reply your questions dwell at 1pm on Monday 23 Could. To participate, register, then put up your questions within the feedback and I’ll reply as many as I can.