I’m not generally a fan of the word crisis. It is used far too frequently in the sensationist media. But the cost of living in the UK is definitely heading towards a crisis point.
The costs of the basics, food, water, shelter, electricity and clothing is rising at an alarming rate and much higher than people’s wages. Add to this a rise in Taxes (National Insurance). Some of the poorest in our society are simply put not going to make ends meet.
But it doesn’t have to be this way. Our openly corrupt Government could make some different choices, ones that would help all. For example, they could:
- Scrap the planned rise in National Insurance Tax (due in April 2022).
- Reduce or Scrap the taxes raised on Food and Fuel. This action alone would benefit everyone and significantly reduce people’s outgoings.
But the rich, those who are most resilience to increases in the cost of living, decide our fiscal policies. They have no idea what it is like to be poor or to struggle.
I can only hope that the economy starts to nose dive and that they make some real decisions then to deal with the cost of living crisis.