Here’s how we can reset the economy and undo the damage done by neoliberal policies
‘It is only the visible hand of government policies that is condemning people to poverty and hardship.’
‘It is only the visible hand of government policies that is condemning people to poverty and hardship.’
As inflation hits a ten-year high, millions of families are at risk of plunging deeper into poverty this winter, unions have cautioned.
Workers say their take home pay has stayed the same for almost a decade.
The hike in rail fares will make life even harder for struggling households seeing the cost of goods and services rising, wages dropping and consumer debt growing.
Inflation has fallen, but the cost of living in Britain is still rising faster than wages
Tomorrow, the latest inflation figures will be published. The reaction, if recent months are a guide, will be panic and alarm at the continuing high level of consumer prices, the impact on household budgets and the possibility of rising interesttest
Inflation is significantly outpacing earnings growth
Spending in key retail and service sectors has fallen
Price increases are outstripping wage growth
All demographics will see costs increase by about 2.7 per cent, IFS finds