• Inflation squeeze deepening inequality in Britain - data

    3 days ago - By RT

    The UK's lackluster economic performance is weighing on disposable incomes among the poorest, the latest figures show
    Britain's poorest households are among the worst hit by the cost-of-living crisis as living standards are struggling to keep up with inflation, according to the latest figures released by the Office for National Statistics Household Finances Survey on Wednesday.
    The median disposable income for the poorest fifth of the population dropped 3.8% in the financial year through March 2022, while wages and benefit payments also failed to keep up with skyrocketing inflation.
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