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For families with children, the monthly cost of living will rise by £ 400 and profits will plummet to the lowest level in 40 years.

According to a new analysis of Britain’s seriousness, families see prices of basic commodities such as heating, rent and food rising by £ 400 per month. Crisis of living expenses..

that is Low-income households Two children are one of the most affected, and living expenses are rising at an annual rate of 13%, much higher than the official 9%.

This is mainly because they spend a lot of fuel and food. According to the Joseph Rowntree Foundation, low-income families are hit harder and faster than others.

This is because rising inflation has caused benefit payments to fall to their lowest levels since 1982. Inflation is expected to peak at 10.25% later this year, but benefits have risen only 3.1% after the government refused to move forward. Increased to universal credit payments.

This follows a 10-year substantial reduction in benefit payments, in addition to the elimination of the £ 20 weekly hike to Universal Credit introduced during the pandemic.

The JRF has calculated what families need to achieve the “minimum income standard”, a standard developed by scholars at Loughborough University.

It is based on what the general public considers necessary to achieve an acceptable standard of living. On top of that, the cost of basic foods has risen by 9.3%, well above the official figure of 6.7%. Childcare has also increased by 6.7%, according to the analysis.

JRF estimates that families spend around £ 120 a month on energy, £ 90 on transportation including gasoline and £ 65 on childcare.

Faith Angwet is one of the affected people. She has two children, 5 and 2 years old. She participates in Covid Realities, a study conducted by the University of York to document the lives of the low-income in the UK.

Angwet said budgeting has become increasingly difficult after cuts in many areas and more price increases.

Faith Angwet was forced to rely on food banks to support his family

(Faith Angwet)

“What if you’re cutting the cloth to the point where you don’t have any thread left?” She said.

Ms Angwet balances childcare responsibilities and study to become a teaching assistant. She receives Universal Credit, but she says she has a hard time paying for basic costs such as rent and heating.

“Most of our money goes to invoices and the last two weeks of every month are very difficult,” she said.

“I use different schemes. Sometimes kids go to clubs after school and get some fruit there.

Ms. Angwet is currently visiting a food bank to help her children eat enough. “It’s very stressful,” she said.

Tayyaba Siddiqui, a key worker at the NHS, a single mother and a survivor of domestic violence, said most of her wages would be paid on the day they were paid.

“I’m working and can’t afford basic necessities for me and my 11 year old boy. He needs school shoes and I need work shoes. I can afford both. No-Which is more important? “

She said her mental health was deteriorating and she felt she had no family to rely on in the UK.

“I think I’m a strong woman, but now I can’t handle it for the first time.

“I can’t sleep at night. My salary isn’t increasing, only my living expenses are rising. Basic shopping used to be £ 20 but now it’s £ 35 or £ 40. It’s milk. , Bread, for the basics, no luxury.

“Children can know when their parents are worried,” she said. “Single parents are having a hard time. I’m not the only one. I need support for different people.”

Matt Padley, a senior researcher at Loughborough University, said the latest figures are “a dramatic increase in what families with children need to meet their essential needs and participate in our society.” Said showed.

He added: “Especially noticeable is the increase in the cost of household energy, which is expected to rise further later this year. As a result of these increases, many households will have to cut back and what to do without. And you have to make difficult choices about which needs to prioritize.

“British households in 2022 do not need to make this kind of decision.”

For families with children, the monthly cost of living will rise by £ 400 and profits will plummet to the lowest level in 40 years.

Source link For families with children, the monthly cost of living will rise by £ 400 and profits will plummet to the lowest level in 40 years.

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