Political gambles by Sunak have reached new highs with his action, or rather inaction, in helping households survive the cost of living crisis. Perpetuated largely by Central Banks, the inflationary crisis has plunged millions into poverty. Absolute poverty is set to rise – a first in decades, the largest fall in living standards since theContinue reading “Risky Rishi: Cost of living crisis”
Tag Archives: poverty
Inflation in 2022
Inflation is skyrocketing in most developed countries. In the US, inflation climbed above 8% in January for the first time since the 1980s; in the UK, inflation reached 6% in March 2022 – a first in 30 years. Whilst, the recent spike in prices can be attributed to a combination of supply chain shocks andContinue reading “Inflation in 2022”