The sharp rise in the cost of living in Britain has forced two in three people to turn off the heating in their homes, almost half to drive less or change supermarkets and about one in four to skip meals, according to a survey.
Among low-income citizens, one in three said they recently skipped meals due to rising inflation, according to pollster Ipsos. Concerns about inflationary pressures have been high for 30 years and most Britons expect commodity prices to rise over the next six months.
“Given the economic outlook, there may be more stress on the horizon,” said Gideon Skinner, head of Ipsos’ political research division. “Pressure will remain on the government to take more steps to support the people,” he added.
The economic data, which is expected to be announced tomorrow Wednesday, is expected to show that inflation reached 9.1% in April, according to economists asked by Reuters, while the Bank of England believes that it could exceed 10% within of the year.
Another YouGov poll shows that 72% of respondents describe the poor management of financial issues by the government of Boris Johnson, twice as much as last year.
Source: AMPE
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.