Explanations

Inter-connections that help explain the crisis

Graham Watson

2nd September 2022

This BBC clip from the excellent Ros Atkins looks at how the cost of living has been precipitated by a variety of factors - climate change, Covid and Russia's war in Ukraine - all of which have combined to create the 'perfect storm'. It's worth a watch.

And here is the link to Ros Atkins on social media.

This Guardian article offers a broad overview of how the new Prime Minister is likely to respond to the ongoing energy crisis. It touches upon tax cuts, extending the existing support package and other measures which are intended to lower the cost of energy.

Here is the link (below) to the Guardian author Patrick Butler's piece

The Joseph Rowntree Foundation's Minimum Income Standard survey has revealed that many people are going to experience extreme hardship in the months ahead as falling real incomes mean a squeeze on spending. According to the JRF "There is a growing gap between what people have compared to what the public say they need to meet a decent standard of living."

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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