"We've had two bad winters and luckily we've got through it, but I don't think we'll survive another one."
But according to the Office for National Statistics, which has tried to create a synthetic version of CPI going back to the 1950s, this is the highest level since 1982.For while everyone knows and understands that the main thing pushing up prices this time is household bills the inflationary forces go far beyond that.
But it is likely to rise again by the end of the year. Economists still expect it to come down quite quickly thereafter. "We are likely to be in a prolonged period during which poorer households are facing rates of inflation even higher than the headline figures would suggest." A windfall tax would affect firms from BP and Shell to smaller ones, such as Harbour Energy which extracts oil from the North Sea.One of the most famous examples of a windfall tax in the UK was one announced by then-chancellor Gordon Brown in 1997 when the privatised utilities were hit for around £5bn to pay for New Labour's Welfare to Work programme.
KayBurley There is no inflation,just greedy corporations GreedyCorporations
KayBurley Blame your leaders, that's the truth 😂😂😂😂😂😂😂😂😂😂🤟✌️
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
10-year rules, expiry dates and Brexit beef: 10 passport myths debunkedWhile passport validity rules and individual immigration requirements do exist, there is a lot of bad information out there. Simon Calder busts the top 10 myths you’ll find on the internet
Source: The Independent - 🏆 80. / 59 Read more »
Cost of living: Diesel hits new record high and petrol is not far behind, AA warnsEfforts to move away from importing Russian diesel are blamed for the latest rises in prices which threaten to add more inflation down the line as businesses pass the costs on. Why?
Source: SkyNews - 🏆 35. / 67 Read more »
New quiz to test numeracy skills as cost-of-living crisis deepensRecent price hikes have left 45 per cent struggling to budget
Source: The Independent - 🏆 80. / 59 Read more »
More people leaving New Zealand than entering as young flee high cost of livingThousands head overseas, partly because of economic conditions, with departures accelerating and labour shortage feared Got almost 2 years of NZ youth wanting to do their OE. Not sure what the fuss is about. All the folk that haven't been able to travel the last 2 years making the most of the borders opening So, FTR the numbers are 2020 they had an extra 90k return to NZ 2021 they had 7k extra leave So roughly 80k more ppl live in NZ than 2 years ago - that's not a 'flee' scenario in anybody's books. In fact, I'd say that those extra leaving were only ever going to be temp in NZ What happened to the million ‘stranded kiwis’ desperate to return to NZ?
Source: Guardian news - 🏆 28. / 68 Read more »
Bobby Brown reveals Catholic priest tried to molest him at age 10The 53-year-old Grammy winner was sent to a religious facility by social services after witnessing his mother Carole being beaten and arrested by police
Source: DailyMailCeleb - 🏆 1. / 99 Read more »
Charlie King reveals body 'despair' as 8 in 10 Insta users 'unhappy with looks'EX-TOWIE star Charlie King yesterday told of his body image torment — as a survey revealed eight in ten social media users are unhappy with their looks. The reality TV celeb told health committee M… marilyn monroe had(imaginary) body image problems .so it doesnt matter who you are or how lovely you are
Source: TheSun - 🏆 64. / 61 Read more »