
The dirty secret behind the cost-of-living crisis
It isn’t wage rises that are fuelling high inflation – it’s profiteering by large corporations.
ByThe ‘cost of living’ refers to the price of things around the world and how much money people have to spend on essentials. The ‘cost of living crisis’ refers to the fall in ‘real’ disposable income that the UK has experienced since late 2021, which is making it difficult for people to afford food, fuel and basic household items. This crisis is being caused predominantly by high inflation outstripping increases in wages and benefits, and has been further exacerbated by recent tax and energy price increases. Read more about the cost of living crisis here.
It isn’t wage rises that are fuelling high inflation – it’s profiteering by large corporations.
ByNew research argues the long-term solution to volatile fossil fuel prices requires public ownership of energy generators.
ByInflation has risen to 10.4 per cent, driven in part by corporate profit-seeking.
ByExpert comment and analysis from Tulip Siddiq MP, Stella Creasy MP, Kevin Hollinrake MP and Joeli Brearley.
ByCrippling inflation and the living standards squeeze are forcing politics and policy towards a crossroads.
ByRising energy costs are hitting households – but help is at hand.
ByThe Prime Minister made five promises to the public in January. We monitor whether they are being fulfilled.
ByThe Chancellor is caught between a banking crisis and a cost-of-living crisis.
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