Families face ‘cost-of-living catastrophe’ in 2022, says think tank
Millions of families are facing a “cost-of-living catastrophe” due to soaring energy bills and rising taxes, an economic think tank has warned.
The foundation’s chief executive, Torsten Bell, said the “squeeze” on living standards is likely to be so severe that Chancellor Rishi Sunak will come under intense pressure to act to alleviate the economic pain.
Meanwhile, the RF said real wages, which were flat in October, had “almost certainly” started to fall and would not pick up again until the final three months of 2022, leaving real pay just 0.1% higher than it was at the start of the year.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Households face cost-of-living ‘catastrophe’ in 2022 with £1,200 hole in budgets2022 is set to be the ‘year of the squeeze’ for millions of Britons
Read more »
Households face cost-of-living ‘catastrophe’ in 2022 with £1,200 hole in budgets2022 is set to be the ‘year of the squeeze’ for millions of Britons
Read more »
Teenager arrested on suspicion of murder after boy's death | ITV NewsJermaine Cools, 14, died in hospital in south London - his family have described him as 'an angel'. | ITV News London
Read more »
The famous faces we said goodbye to in 2021 | ITV NewsPrince Philip, Captain Sir Tom Moore and MP Sir David Amess were among the well-known people who died this year. | ITV National News
Read more »
2022 planners to organise your family’s lifeLife can be pretty crazy when you're a mum and a planner will help you to order that chaos a little more neatly.
Read more »