The cost of living crisis continues to dominate the news. But for a think piece you may not have seen, read The housing theory of everything.
Tweet of the week
So far this month at @CAPuk we’ve handed out more emergency fuel vouchers than we did in Jan 2021.
It’s July. Hottest month ever. It’s not even over yet.
Critics of @MartinSLewis think he’s overblowing this energy stuff.
I think he’s understating it by quite some way.
— Gareth McNab (@McnabGareth) July 22, 2022
Morses Club – Potential Scheme of Arrangement & Financial Update RNS: Whilst the Directors consider that Morses Club has adequate liquidity for the immediate future, they believe that without a potential Scheme, the level of Redress Claims could jeopardise the Group’s future.
Consumer price inflation, UK: June 2022 ONS: Consumer Prices Index (CPI) rose by 9.4% in the 12 months to June 2022, up from 9.1% in May. On a monthly basis, CPI rose by 0.8% in June 2022, compared with a rise of 0.5% in June 2021
- ‘I see price rises of 25-50%’: how inflation is affecting people with a disability or illness Guardian
- Martin Lewis warns Britain faces energy bill strikes as households refuse to pay Mirror: “We are getting close to a Poll Tax moment on energy bills coming into October and we need the Government to get a handle on that, because once it starts becoming socially acceptable not to pay energy bills people will stop paying energy bills and you’re not going to cut everyone off.”
- Is it time to scrap standing charges? Mail: Ofgem said that its considering recovering the debt through other means, but warned that could mean higher bills for those who use a lot of energy.
- Energy suppliers row over how to protect customers’ overpaid credit Guardian: British Gas owner Centrica says insurance plan won’t stop risky business practices, while Octopus calls ringfencing ‘financially illiterate’
Arrears fears – The distribution of UK household wealth and the impact on families Resolution Foundation: In 2006, the average family in the richest tenth of families had wealth of close to £900,000 more per adult than a family in the fifth decile – by the start of 2020, that gap had increased to over £1.2 million per adult.
- Vulnerable people struggle to access UK household support fund Guardian: £1bn scheme beset by problems, with councils struggling to find workable payment methods
- Free school meals: Vouchers for summer holidays cut to as little as £1.66 a day for millions of children iNews: One charity has accused the Government of ‘waiting for another football star to shame them into action’.
- Food banks warn they are struggling to keep up with demand BBC: Almost all said more people were coming to them for help, while more than half reported fewer food donations.
- Struggling with energy bills but don’t get the £150 council tax help? MSE guide to what discretionary help councils are offering – many are yet to decide.
Banks need to do more to fight scams iNews: we can no longer tolerate innocent, often vulnerable victims being put on trial by their banks, as if they’re the criminals.
We’re living in an age of permanent crisis – let’s stop planning for a ‘return to normal’ Guardian: Current plans predicated on stable growth seem foolish when we know that shocks such as global heating aren’t going away.
The housing theory of everything Work in Progress: Western housing shortages do not just prevent many from ever affording their own home. They also drive inequality, climate change, low productivity growth, obesity, and even falling fertility rates.
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