NewsBot
08-Mar-22, 09:04
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Britain Faces The Biggest Income Squeeze In Generations As Ukraine Conflict Pushes Inflation Towards 40-year Highs
https://caithness-business.co.uk/image_cache/na16244_tn.jpg
The conflict in Ukraine is forecast to further push up energy prices and wider inflation (to over 8 per cent this Spring), causing typical household incomes across Britain to fall by 4 per cent in the coming financial year (2022-23), the sharpest fall since the mid-1970s, according to the Resolution Foundation's annual Living Standards Outlook for 2022. The report examines the outlook for living standards as the UK steps out of a Covid-crisis, and straight into a cost of living crisis. [Read Full Article (https://caithness-business.co.uk/article/16244)]
Britain Faces The Biggest Income Squeeze In Generations As Ukraine Conflict Pushes Inflation Towards 40-year Highs
https://caithness-business.co.uk/image_cache/na16244_tn.jpg
The conflict in Ukraine is forecast to further push up energy prices and wider inflation (to over 8 per cent this Spring), causing typical household incomes across Britain to fall by 4 per cent in the coming financial year (2022-23), the sharpest fall since the mid-1970s, according to the Resolution Foundation's annual Living Standards Outlook for 2022. The report examines the outlook for living standards as the UK steps out of a Covid-crisis, and straight into a cost of living crisis. [Read Full Article (https://caithness-business.co.uk/article/16244)]