The cost-of-living crisis in the UK is a growing concern for many families and individuals. Prices for everyday goods, such as groceries and utilities, have risen significantly over the past decade, making it increasingly difficult for people to make ends meet [1].
This crisis has been exacerbated by the pandemic, as job losses and wage cuts have resulted in more people living in poverty [2].
The cost-of-living crisis is felt most acutely by those on low incomes, as they are unable to keep up with rising costs and have to make difficult decisions such as cutting back on necessities [3].
The situation is made worse by the lack of affordable housing in the UK, with rents increasing faster than wages and many people unable to find a place to live. [4] This has led to an increase in the number of people in the UK living in overcrowded and substandard housing. [5]
The UK government has attempted to address the cost of living crisis with measures such as raising the minimum wage and introducing the Universal Credit system, but many argue that these are not enough.
The government also needs to focus on increasing the supply of affordable housing, as well as providing better access to public services such as education and healthcare.
Please see the infographic below to learn more about the cost-of-living crisis:
References
[3] https://www.instituteforgovernment.org.uk/explainers/cost-living-crisis
[5] See London Alcohol Rehab & Detox article
