The UK inflation rate has risen to 9.4% in a year to June 2022. This has therefore resulted in food, petrol and energy costs rise at their fastest rate for 40 years.
This has had a very detrimental affect upon the poorest households who are according to the Resolution Foundation being hit the most by these seemingly never-ending rising costs.
Not only have these price increases hit the poorest, the higher earners that had previously managed to pay their bills, they also find themselves struggling which is undoubtably causing them distress and worry.
At the same time official figures also show that the regular rate of pay is falling at the fastest rate since 2001 when price increases and energy cost increases are taken into account.
The Labour party have announced that they are pushing for urgent action from the government, calling for it to take VAT off energy bills and have accused the government of a decade of economic “mismanagement” and has called for urgent action.
This is far from a good response from the Labour Party. It’s not good enough to just request that the VAT off the cost of energy. Instead they should be demanding that there is a decrees in not only the VAT level but the cost to the consumer for the energy that they use.
It’s unacceptable that the public are to be expected to make these costs and manage to feed themselves and their families, pay the rent or mortgage and bills.
It’s also important to remember that the increasing costs of petrol and diesel is having a massive detrimental affect upon the disabled, poorest and low wage earners, many of which rely upon a car to manage everyday tasks and the ability to get to work.
Already on social media, disabled users are reporting that they are having to make a choice of charging their electric powered wheelchairs and scooters or putting the money towards the cost of feeding themselves and their families.
It’s certainly not good enough that local councils, most of which have already seen a massive cut to their funding are now being asked to provide warm places for the public to sit in during the winter months.
What is really needed is for local authorities, organisations and the public to directly challenge the government in whatever way they can. We must not sit back and allow this to happen.
Many plan to hold a no payment protest which will hit the energy companies hard and it needs too. Non payment is one of the reasons why the Poll Tax was abolished, along with the protests. Back then we saw local communities collectively taking action, standing together in agreement saying enough is enough.
We desperately need to see similar actions like this, more marches and protests, the public, local authorities and organisations saying enough is enough we can’t allow this to continue.
A general election is needed now as a matter of urgency, because if pundits are right and Truss becomes prime minister it could well become a whole lot worse than it is now.
2 thoughts on “UK Goods Cost Rise At Fastest Rate For 40 Years. Enough Is Enough!”
Re-Nationalize Gas and Electricity production and supply. Introduce some form of Basic Income as a means of redistributing the wealth and reducing poverty. Abolish Benefit Sanctions. Any of that would be a start in the right direction if Starmer and Reeves really wanted radical change.