What's causing the UK cost of living crisis? No single factor has led to a crisis of this magnitude. This is a combination of the pandemic's impact, the energy price cap lift, debt, rising taxes, inflation, the rising cost of goods and services, and, I would argue, a lack of gover...
More than eight million households across the UK will receive a cost of living support payment from today. The £301 payment is the first of three instalments, totalling £900 to those eligible and on means-tested benefits - such as universal credit, or pension c...
The cost of living crisis is often attributed to an excessively high rate of inflation as typically measured by the consumer price index (CPI). More accurately it is assumed that living standards must have fallen because the rate of price increase has exceeded the rate of wage increase. On th...
Cost of living: What the latest interest rate rise means for your finances - and what you should do next The Bank of England's latest interest rate hike will add to monthly mortgage payments for millions of borrowers, but provide some light relief for savers. Here we explain the ...
So, what can construction firms do to navigate the impact of inflation and the cost-of-living crisis? Keeping a close eye on costs is an obvious example—although there is only so much firms can do to mitigate some increases. As the CLC has said, the sector, like others, will be see...
McAfee ‘Safer Summer Holidays’ Travel Report Reveals Impact of Cost-of-Living Crisis on Summer Travel and Digital Safety May 18, 2023 - As adults globally get ready for summer travel, inflation and cost-of-living concerns drive 56% of vacationers to seek out barg...
2023 COLA – 8.7% Increase Thehigher than normal levels of inflationdespite aggressiveFed rate hikinghad a silver lining for many social security recipients with the SSA confirming a8.7% increasein Social Security benefits and Supplemental Security Income (SSI) payments in 2023. ...
“Times are tough for a lot of families at the moment, but things will get better and it’s important to keep one eye on the future and how to make the most of your money for your children.”Tags: children's savings cost of living crisis household bills parents Top...
A key part of the case made byAer Linguspilots in support of their pay claim was their incomes had been eroded by inflation over the past few years when prices soared in a cost-of-living crisis. This is a familiar story across the economy. ...
As May Day prompts us to renew our commitment to fundamental workers’ rights, we asked 5 global trade union leaders: What should governments focus on amidst the cost-of-living crisis to ensure fair and decent work for all? Here is what ...