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…
Tag: Cost of Living Crisis
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…
For millions of working-class families, the school holidays don’t mean rest. They mean another six weeks of worrying how to put food on the table. A charity in Sussex and Surrey has warned that families are skipping meals to make…
Being poor under capitalism doesn’t just mean having less money. It means being charged more for the basics of life. New research by Fair by Design, funded by Trust for London, has found that low-income households in London pay hundreds…
British motorists are continuing to pay inflated fuel prices after global oil prices returned to pre-war levels, exposing once again how capitalism allows corporations to turn every crisis into an opportunity for profit. According to analysis by the Press Association,…
More than £9 billion is now owed to local councils in unpaid council tax across Britain, exposing yet another symptom of the deepening cost of living crisis. Behind the headline figure lies a simple reality: millions of working-class people can’t…
Britain’s working class is once again being told to pay for an imperialist war it never chose, never voted for, and never benefited from. Household energy prices are set to rise by 13% in July after wholesale gas costs surged…
The latest figures on household energy debt in Britain reveal not merely an economic accident, but the deliberate outcome of class policy. The burden of debt borne by the masses — £4.43 billion, nearly three times higher than in 2020…
NatWest’s chair, Sir Howard Davies, has told the BBC that he believes it’s not difficult for people to get on the property ladder. “You have to save, and that’s the way it always used to be,” he told the Today…
The cost of living crisis has driven up corporate profits, as companies raise prices to increase their profit margins. Unsurprisingly, the fact that many people can’t afford to feed their families and heat their homes anymore has led to an…