BBC licence fee hike ignites political backlash and prompts funding review https://noah-news.com/gb/en/news/2023/12/08/bbc-licence-fee-hike-ignites-political-backlash-and-prompts-funding-review #BBClicencefee #mediafunding #costoflivingcrisis
It's taken a frustrating 8 months to receive a "final offer" despite us tabling our claim early in March. Our employer's disappointing first offer wasn't made until June and our pay year starts on 1 August. Such delays hit staff hard, especially during a #CostOfLivingCrisis"
Shameful and absolutely unacceptable. We need more and better taxation of multinational corporations. And to break them up.
Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows. Multinationals in particular hiked prices far above rise in costs to deliver an outsize impact on cost of living crisis, report concludes
UK's cost of living crisis casts shadow over Christmas cheer https://noah-news.com/gb/en/news/2023/12/07/uks-cost-of-living-crisis-casts-shadow-over-christmas-cheer #costoflivingcrisis #UKhouseholds #governmentaid
In the last years the decline in the use of coins & notes has reversed (albeit not massively), with more shoppers buying goods with ready cash.
It'll be interesting to see how this plays out in relation to Labour's policy of an expansion of #bankinghubs to deal with banking deserts' cash availability issue.
'The @TrussellTrust reported record numbers using food banks for 2023 amid #CostOfLivingCrisis.'
'Almost 750,000 people turned to food banks in the past 12 months, with nearly 3 million parcels distributed in 2022-2023.' @EveningStandard
For many retailers the last three months of the year & especially the run up to #Christmas are when they make much of their money & lurch into #profit for the year.... so news that consumer spending is down (both in value adjusted for #inflation & volume) suggests not only has #BlackFriday failed to spur consumption, but the #costoflivingcrisis will shape buying this Christmas (unsurprisingly).
Early 2024 may see a spate of retail failures & closures; another symptom of a coming #recession
'UK households ’10 per cent poorer than in France.’
'Average British household was more than £8,000 worse off than those in countries like France and Germany.'
Britain has amongst the highest inflation in Europe with many barely having enough to keep up with rising rents, energy bills and food prices. A focus on ordinary Brits struggling to make ends meet. https://youtu.be/dllN2R1Qa9c?feature=shared #CostOfLivingCrisis #ToryBritan #EnergyPoverty #FoodPoverty #TaxTheRich
#today I have just finished watching the film Sherlock Holmes Faces Death, 1943. The attached picture shows the ending scene dialogue between Holmes and Watson. What an inspiring speech and how disappointing to be here 80 years after its utterance to experience an even bigger poverty gap between the poor and the billionaires. To know that the 1% at the top have got even greedier whilst even more are hungry and homeless.
I hope I'll live to see that day.
#Explosions woke neighbours on the #IsleofWight (cause not yet determined, #homeowner #airlifted with #burns)
#Blast kills a man in #Edinburgh (gas could be smelt)
We haven't put our #boiler on for about 4 years. The #CostOfLivingCrisis doesn't touch the people who are deciding everything in this country. #poverty #heat #fuel #cost #fire
Many older people are worried about the cost of heating their homes. If you know an older person who is worried about their bills, please encourage them to:
Phone the Age UK Advice Line ➜ 0800 678 1602
Check the Age UK website ➜ https://www.ageuk.org.uk/information-advice/health-wellbeing/keep-well-this-winter/
In the context of discussing "where's the UK government now?", Al Gore says,
"The government of the UK now is seemingly ... in the pocket of the fossil fuel companies."
and speaking more generally,
"The fossil fuel companies are way better at capturing politicians than they are at capturing emissions"
Al Gore is such a class act!
If (and for some of your this may be a big 'if') the willingness to start a new business is a key indicator of the private sector's judgement on the future economic environment, then the switch to more #businesses failing than being started in 2022, marks a further decline in the UK's economic prospects!
Its nothing new and indeed across the world is often a preferred model of #household management, but sometimes the costs & difficulties of such arrangements are not as well appreciated as they might be.
Here, Prabash Edirisingha `(NorthumbriaU) set out the shape of the issues for @TheConversationUK
'Equality Trust’s cost of inequality report.'
“Inequality has made UK more unhealthy, unhappy and unsafe than our more equal peers.”
“It is also causing huge damage to our economy: we have shorter healthy working lives, poorer education systems, more crime and less happy societies.”
“Inequality is more than just economics: it is the culture that divides and makes social mobility impossible.”
“In Britain, child poverty has doubled in 40 years.”
I also saw this yesterday, btw: research on the potentials for food riots breaking out in the UK in the next few decades. I haven't read it yet and don't yet quite know what to make of it, but sharing now already in case anyone else here is interested. #ClimateCrisis #Polycrisis #Food #FoodRiots #FoodSecurity #CostOfLivingCrisis #FutureScenarios
2/2 “Not all households are affected in the same way at all,” said Antunes, noting that for the lowest-earning quarter of the population, 91 per cent of household income goes to shelter, food, transportation and utilities. For the highest-earning quarter of the population, just 30 per cent of their income goes to those four necessities. #Cdnecon #economics #CostOfLivingCrisis #CostofLiving https://www.thestar.com/business/inflation-rate-drops-dramatically-in-october-on-falling-gas-prices-but-costs-for-paying-for/article_813e3d71-1aa5-553c-9cba-bac90e34eb56.html
Without the rise in shelter prices, noted CIBC, inflation would have been at 1.9 per cent. “That makes shelter the main source of inflation,” CIBC economist Katherine Judge wrote in a research note after the data was released. Mortgage interest costs rose 30.5 per cent from a year ago, while rent rose 8.2 per cent, up from 7.3 per cent in September. 1/2 #Cdnecon #economics #CostOfLivingCrisis #CostofLiving https://www.thestar.com/business/inflation-rate-drops-dramatically-in-october-on-falling-gas-prices-but-costs-for-paying-for/article_813e3d71-1aa5-553c-9cba-bac90e34eb56.html
'Assets of thousands of people in north-west England used to upgrade king’s property empire via archaic custom.'
'Over the last 10 years, it has collected more than £60m in the funds.'
'Only a small percentage of these revenues is being given to charity. Internal duchy documents seen by the Guardian reveal how funds are secretly being used to finance the renovation of properties that are owned by the king and rented out for profit.'
"Solutions that were easy and accessible for everyone."
Halima from Think & Do Camden (partner project of Transition Kentish Town) shares how estate residents in Camden transformed energy use & bills during the energy crisis. The Shakti Savers project received seed funding from
The National Lottery Community Fund and Transition Together earlier this year.
📽️ Watch here: https://youtu.be/DG4acgXpVjQ?feature=shared
And if you feel inspired to unlock community-led change where you are... our current seed funding programme is open for applications until 7 January.
Join our team on Monday 27 Nov at 7.30pm to ask questions about applying, and find out more here: https://transitiontogether.org.uk/seed-funding/
Energy Price Cap rises again from £1,834 to £1,928
How can the scoundrels at Ofgem allow this to happen?
A 5% rise !
Previously, the Ukraine war was the excuse. Today, the Israel/Hamas war.
I don't recall Israel being a rich, oli-bearing country.
@FloydyStu has corrected me on this last point. You may wish to read his replies to my ignorance.
Renters, as we know, are at th sharp end of the #costoflivingcrisis, but also often lag in registering to vote...
So Q. is: will the #Tories appalling record on renters' issues bite them or are the gambling on them not voting?
£670 warning issued to anybody who's on Universal Credit or DWP benefit - Birmingham Live
'it’s probably a good idea generally not to do the “poor little rich person” act on social media, because you’ll always reach someone who makes your predicament look like a joke'!
If only they would take that advice... or perhaps we might wish they don't so they can be exposed to the ridicule they so richly deserve?
Another day, another report on how the #costoflivingcrisis has driven the poor & low paid into the hands of exploitative #landlords, who have no interest in providing decent #housing, but rather treat tenants as animals that are bingo farmed for rent...
Just one more but of evidence that the housing crisis is essentially a crisis of a lack of social housing, which will not be solved by subsidising first-time buyers Mr Hunt!
Just imagining the Sophie's Choice dilemma faced by #JeremyHunt
Do I help the 4% of the public who pay Inheritance Tax, who are my donors and personal friends
Or, do I keep £2B coming to the Treasury, or maybe use that to expand benefits during a #CostOfLivingCrisis
Oh dear, what #ToryDifficultDecisions 🤣🤣🤣
The problem of rising prices but declining volumes in #retail sales continues... no-pne should be surprised that as the #costoflivingcrisis continues & #inflation continues to shift prices upwards that sales volumes will decline - people only have limited savings through which to subsides their everyday spending.
What this suggests is that the UK is far from out of the (economic) woods yet....
New calls for people on disability benefits to receive more than £150 in future cost of living payments - Daily Record
It’s the King’s Birthday and Portsmouth is firing guns in his honour – a man who sits on an enormous pile of wealth and reads out speeches even he doesn’t believe in to enable a government of venal shits presiding over a #costoflivingcrisis
The impoverishment of Britain continues with the #costoflivingcrisis causing families to take drastic measures to try to balance their budget;
if you're thinking this is an unfortunate accident, you may be missing the key underlying strategy of the #Tories: to maintain a low-pay #workforce, #workers need to be forced into desperate straights to take any work on offer.
This is the incredible story of six Greenpeace activists who boarded and occupied a Shell oil platform. The protest continued for 13 days and almost 4,000km. These activists are absolute heroes!
So, if you don't have a device that can record fingerprint or faceprints you'll have to buy new tech - oh, yeah.. also you're paid below the poverty line.
We get the Q3 GDP figures on Friday, which will tell us whether or not we're heading for recession.
But honestly, I'm not sure it matters either way.
GDP has always been an imperfect measure of the health of the economy, but with the #CostOfLivingCrisis and rampant inequality we have now, it seems spectacularly imperfect.
I would like to propose we focus on a new, more meaningful, measure of economic health.
How about an index based on the demand for food banks?
If so (and its a big if) we may seem some easing of the #costoflivingcrisis (for those who have managed to secure near-inflation wage rises, at least)
[also looks like the falls have been mainly in staples - milk etc. - not across all foods!]
Politicians should recall #Keynes focus on 'effective demand' in driving economic activity.
Of course, this is exactly what the BoE want, whatever the social costs!
Global agrifood systems' hidden costs exceed $10 trillion: FAO
Mortgage on a small house in London
Nursery fees for a 3 year-old
Nursery fees for a 1 year-old
£5000 / month
That's before paying for anything - gas, electric, internet, food, petrol, transport.
Fuck the UK as a place to live.
Fuck any politician who says they care about working families.
We're moving abroad as soon as we can and we're taking our talent with us.
Another #Brexit 'freedom'...
The good news is that #bananas are dropping in price;
the bad news is because we are not outside the EU tariff system that kept duties high on 'dollar bananas' from South America & by doing so favoured the import of bananas from #Africa.
Great for UK consumers who like a bunch of bananas & who remain in a #costoflivingcrisis, but for African banana producers, we're a key market in which they will now be under-cut leaving less opportunities to see their produce!
Good news (albeit qualified by the continuing #costoflivingcrisis ) for #workers at firms who pay the voluntary #RealLivingWage... which will rise to a level of over £3k more than the #minimumwage set by the Govt.
Also good that the number of firms signed up to the scheme to set a high(er) voluntary floor to wages has risen from 11,000 to 14,000 in a year.
Such actions make a real difference to employees & their families!
Another month another story about how #Pawnbrokers are booming... I'm sure this is true, but how many times can the media repeat (report) this story with just a different pawnbroker used for the anecdotes?
Just to be clear I'm not diminishing the issue, nor the clear links to the #costoflivingcrisis, just wondering if there is more to be made of this than a sequence of adverts for specific pawnbrokers?
Our tool that searches warm space offers in the UK has been updated. It now collates over 7800 offers from 108 different directories: https://warm.open-innovations.org/directories I've gone to great lengths to keep the bandwidth requirements low (compared to existing directories) as many of those looking for warm spaces may also have limited data plans.
I'd really appreciate it if people could link to it from other websites to help boost it in search results.
We the undersigned demand the UK Government call a #GeneralElectionNOW!
Please, like, boost, sign & share. Thank you. 🙏🏾
Enough is enough! We've had 13 years of these crooks in power, & their incompetence has brought the #UK to its knees.
🌹🇪🇺 ❎ 🗳️
It's like there's a collective psychosis sweeping across the globe at the moment.
You honestly couldn't make up what's happened to the world since 2016! 😳
Trump & Doris become President & PM, then God sends a C19 plague! There's a war in Europe & off the back of it, the #FarRight rise again!
Mankind is cursed! 🤷🏾♂️
#Tesco, a few months ago: "How dare you suggest we're profiteering during the cost of living crisis, no-one is trying harder than us blah blah blah"
Tesco, now: "We've had an exceptional year and we're pleased to raise our full year profit forecast to between 2.6 and 2.7 billion pounds"
Repost from pb4p on Twitter:
Like Darragh Adelaide says, far right grifters want to direct your anger away from the super rich and their Government pals and onto minorities. Ná lig dóibh.
📣 Join the cost of living and housing demonstration called by Cost Of Living Coalition Ireland.
📍Oct 7, Parnell Square Dublin, 1pm
& that's before we get onto the UK's bullying & dysfunctional management style, the general perception that the UK's state institutions are failing, and that the #climatecrisis now seems inevitably damaging to everyday life...
that people are stressed should be no surprise; stress is about seeing a desired end & having no agency to get to it!
There's a strong voice for #Independence, but what happened in 2014, & what's changed in the following 10 years that'll swing it this time around?
Austerity? Brexit? #CostOfLivingCrisis?
Sunak the quietly incompetent | From school building collapses to the cost-of-living crisis, the NHS decline to Brexit, Sunak has been an enthusiastic advocate for the policies that have created this mess | Andy Brown
After the devastation of World War One, between 1917-1926 the UK government introduced the "excess profits duty" (tax) of 80% of profits above "pre-war standard profits".
Today, when grotesque profits are being made by big business out of the (so-called) "cost of living crisis", surely it's time for a similar period of excess profit tax?
Surely, it's big businesses "duty" to help us all out in this time of crisis?
Or is this only a "crisis" for the poor?
I won't hold my breath.
But sure, it's apparently pay rises for the rest of us that are fuelling inflation 🙃
"Fat cat bosses enjoy £500m pay rise as CEO salaries soar during cost of living crisis"
The impact of #inflation in one chart:
the gap between the rising costs of #retails sales & the falling volume of good purchased is:
The current (further) dip is being blamed on the wet weather by analysts but the bigger picture is that the #Tories & their handmaidens at the BoE are disciplining #workers for having the audacity to try an maintaining their standard of living.... at a time when it is seen as important that companies 'maintain' their profitability!
Absolutely outstanding article from Frances Ryan. What a sad state of affairs... 😔
A percentage offer which means the increase for SMT grades is three times higher than the lowest paid staff is an insult.
An ‘improved’ offer which adds less than £3 per week on top of the one initially tabled to the salaries of our lowest paid members when we’re experiencing an ongoing #CostOfLivingCrisis is out of touch.
Our members deserve more respect.
After their revised offer of an additional 0.6% was rejected, UCU SMT have agreed to return with a better proposal than the 4.6% pay increase they tabled today.
This offer was nowhere near “amongst the best on offer in any major union” as staff were promised.
Unite UCU members voted for a flat rate pay claim in order to prioritise the lowest paid. This is something UCU SMT has thus far refused to explore.
In one sentence the disconnect between the #financialservices sector & the rest of us:
'“The economy is clearly far too hot for the Monetary Policy Committee to relax,” (Thomas Pugh, quoted in the FT this morning)>
We need to think about our problems differently & ignore the self-serving #bankers!
A new word to add to our #costoflivingcrisis lexicon:
Skimpflation: the process of reducing the quantity of expensive ingredients in products & replacing them with (or increasing) cheaper alterantives.
YOU HAVE GOT TO BE FUCKING KIDDING ME. 🤬🤬🤬
It's starting to feel a helluva lot like 1789. ✊
#AbolishTheMonarchy #NotMyKing #Independence #UKPolitics #CostOfLivingCrisis #TaxTheRich
King Charles to receive huge pay rise from UK taxpayers