The cost of living crisis: Five minutes with . . . Parth Patel

“What we’re seeing at the moment is the largest decline in living standards since records began in 1950. Only the richest 5% of households in this country are expected to see their incomes grow over the next two years.“That is unprecedented. Everyone else will see their incomes at a household level go down. And of the poorest 20% of households, three in every four report going without food or other essentials—toiletries, tampons, clothing. These things will have an impact on the health of people in these households. Things like warm clothes actually make quite a big difference in terms of heart attacks and strokes and pneumonia, for example. Material conditions are declining for a lot of people, and this will exacerbate health inequalities. There is also a real mental health impact of these declining living standards.“So, what can we do about it? Broadly speaking, there are two options. The first…
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