What can the government do? – Economists debate the cost of living crisis

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“People are on the edge because we slashed that safety net.” Miatta Fahnbulleh, New Economics Foundation CEO, tells krishgm the government must act to “rebuild” support structures for people to deal with crises like the soaring cost of living.

But there is in most places a growing understanding that family budgeting isn’t enough to stop the pain of this crisis.

So what are the big ideas to tackle inflation or do you just have to wait for rising interest rates to do their job? We were joined by Rupert Harrison, who was chief of Staff to George Osborne and is now at Blackrock, and Miatta Fahnbulleh, chief executive of the New Economics Foundation.

 

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krishgm 'The WHO is to make lockdowns and other non-pharmaceutical interventions intended to curb viral spread part of official pandemic guidance' Will WHO make the following part of the guidance, a; 'Moratorium on Benefit Re-assessments/Re-applications'

krishgm The voice of reason 👏👏- as she was on Question Time- ran rings around Braverman

krishgm The West should stop messing in global markets thru unilateral sanctions & meddling in free enterprises to leverage their geopolitical interests— global market system, free trade, competitiveness & economic dev’t are for responsible gov’t. West just rob others thru geopolitics.

krishgm Miatta Fahnbulleh spot on saying communaties able to generate there own electricity using local energy coops OVESCO NEF CESouthNRG Comm1nrg

krishgm Political Point Scoring! This is a Worldwide Cost of Covid Crisis It’s not just in the UK!

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Cost of living crisis: 'People heating one room with firewood'People working and living in rural Norfolk talk about the cost of living crisis. THERE SHOULD NOT BE A COST JUST TO LIVE🤦‍♀️ In summer? We did that in the 70s as well, chipping the ice off the single glazed, unheated bedrooms of our council house (concrete built) semi. Poorly maintained by disinterested local council and the heavily fortified rent office counter assistants next to the library.
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What options does the government have to ease cost of living crisis?Labour, business leaders and Conservative MPs have urged the government to bring in measures to help people struggling with the cost of living, which has increased dramatically this year and is expected to rise further. Governments have only one real plank these days: importing people. Which actually makes everything worse, but they have some brainwashed to think that it doesn't, so they take that as a win. ask biden to stop sanctioning russian energy. The government should be doing more to support and ease the cost of living crisis through reducing prices on everything instead of increasing prices on everything which is affecting everyone right now and the government is just not doing enough right now?!
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Sunak considering £600 payment to help poorer families heat homesChancellor under pressure to act on cost of living crisis This would be like putting a plaster on a gunshot wound
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Sunak considering £600 payment to help poorer families heat homesChancellor under pressure to act on cost of living crisis But he pinched himself and forgot he was a Tory I thought they would only spend it on drugs and knock off designer gear ? We’ll probably have to pay it back though they give nothing away
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‘The cost has become astronomical’: UK schools struggle with rising food pricesHeads reluctant to increase burden on families already caught in cost of living crisis Very clever from our politicians to sanction Russia , they could have pushed Ukraine to respect Minsk agreement they signed . The price is going up because the supply isn’t there.
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'Millions skipping meals' as cost of living crisis bites, warns CBI headMillions of Brits are skipping meals to cut back spending in the cost of living crisis. Sunak can not care less Britons are skipping meals to save money. His wife saved lot of money by registering as a don. Sunak live in a different society where money is the order of the day. We common citizens are not his priority. NickFerrariLBC Remember how Mr Ferrari cheer-leaded the thing that is at the back of this? Many do it also looks like Mr Ferrari isn’t skipping meals so that’s nice for him.
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