The Trades Union Congress has called on the chancellor to address the growing burden of extra living expenses in the upcoming budget, highlighting that UK households have faced nearly £14,000 in increased costs for mortgages, loans, energy, and water bills over the past five years. The union warns that the cost of living crisis is dampening economic activity as financially strained families cut back on spending. With the budget approaching, the TUC emphasizes the need for targeted measures to ease the financial pressure on households. The report underscores the deepening impact of rising costs on daily life and economic stability.
Trades Union Congress urges chancellor to tackle rising additional living costs in this month’s budgetUK households have paid almost £14,000 on average in additional costs for mortgages, loans, energy and water bills over the past five years, according to a report urging the chancellor to tackle soaring living costs at the budget.With less than a fortnight before John Healey’s first budget as chancellor, the Trades Union Congress (TUC) said the cost of living crisis was weighing on the economy as hard-pressed households held back on spending. Continue reading...
