Big League Politics By
According to the Resolution Foundation, an independent British think tank, British households are projected to witness their spending power fall by an average 3,000 pounds sterling (nearly $3,500) by the end of 2022.
According to PressTV, this would be the largest drop in living in the United Kingdom in at least a century.
The Resolution Foundation published a study on September 1 that found that rising energy costs could force household incomes to go down by 10% and bring an additional three million British citizens into poverty.
Lalitha Try, a researcher at the Resolution Foundation, observed, “No responsible government could accept such an outlook, so radical policy action is required to address it. We are going to need an energy support package worth tens of billions of pounds, coupled with increasing benefits next year by October’s inflation rate.”
