"UK households face historic fall in living standards"
Northumberland County Councillor Eileen Cartie, a community worker in
the Town of Blyth is very concerned at how inflation is affecting residents of
the Town and damaging family cohesion.
The latest UK economic outlook from Price Waterhouse Cooper predicts
inflation will hit 8.4% later this year.
The rise in living costs will wipe 2% off household incomes, equivalent
to about £900 or as much as £1,300 for the poorest families. If the Ukraine
crisis worsens, inflation could peak at 11 %.
PwC also warns. The economy will grow at a slower-than-expected rate of
3.8% in 2022, down from the 4.5% previously expected and last year's record
7.4% expansion, the latest report suggests.
Councillor Cartie pointed out that "It is clear in my mind that
much of the causes of this inflationary period were avoidable if the Government
had kept it's eye on the ball for the last decade as its not all down to the
war in Ukraine."
"The neglect and sole interest in applying austerity to all areas
outside the Capital is a planned attack by the London centric Tory Government
that is being felt by many households children and businesses based in Blyth
and beyond".
"The improvements that staycations through the pandemic brought to
Northumberland and the North's tourism businesses will be feeling great
pressure from rising costs this year and I'm concerned that many families,
their children and residents already struggling across the County will be
permanently damaged through the cuts and as this Tory Government puts it
'choices' people have to make, it's my belief that Rishi Sunak and Michael Gove
must share the same middle name, 'Hobson'!
No comments:
Post a Comment