Europe is heading towards winter with its gas stores at their lowest level in 13 years, raising the prospect of another surge in household energy bills. EU storage facilities were only 63 percent full in the final week of August….
Tag: Cost of Living Crisis
Millions of households face another sharp rise in energy costs this autumn, with prices set to increase by nearly 4 percent in October. Cornwall Insight predicts a further 9 percent rise in January, just as winter demand reaches its peak….
Millions of households face another winter of fuel poverty as Ofgem prepares to raise its energy price cap to a three-year high. Energy consultancy Cornwall Insight expects the cap to rise by 4 percent from October, following a much sharper…
Household energy bills across Great Britain are expected to reach a three-year high this winter, wiping out Andy Burnham’s much-advertised electricity tax cut before it even takes effect. Cornwall Insight expects Ofgem’s energy price cap to rise by 4 per…
Parents in County Durham are watering down baby formula because they can’t afford to replace it. In one of the world’s richest capitalist countries, families are being forced to gamble with their babies’ health to make a tin of milk…
More Americans are falling behind on their mortgages and car loans than at any point in the past decade, even as Wall Street celebrates economic growth and an artificial-intelligence stock boom. This is what capitalist expansion looks like from below:…
The government’s new limit on branded school uniform is a small retreat from an unfair system, but it won’t make uniforms affordable for many working-class families. From September, schools will be allowed to require a maximum of three items carrying…
Beneath the manufactured culture wars and other artificial divides, millions of working people share the same basic concern: they can’t afford a decent life. A survey of more than 30,000 adults conducted by the McKinsey Institute for Economic Mobility and…
Britain’s inflation rate fell to 2.6 percent in the year to June, helped by lower food and fuel costs. Ministers will present the figure as evidence that the cost-of-living crisis is easing. But slower inflation doesn’t mean prices have returned…
Four years into Britain’s cost-of-living crisis, the reality facing the working class is getting worse, not better. New figures from the Joseph Rowntree Foundation (JRF) show that 62 percent of low-income families couldn’t afford at least one essential item during…