The UK will see a ‘catastrophic’ increase in the cost of living in 2022

The British will be hit hard next year by rising energy prices and taxes. This emerges from a study conducted by the Think Tank Resolution Foundation, which is neither more nor less. “Disaster” On the cost of living. The study did not go four ways: 2022 promises to be the most perceived year for the British post-Govt, and it will be the hardest in the spring. Energy prices in particular will continue to rise. Inflation was reported at 6% in April, the highest level since 1992.

Taxes will increase at the same time: increase in house tax, VAT rate on hospitality and accommodation. Dividend tax rates should also be raised.

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These combined effects would have a financial impact of £ 1,200 per family per year. Wages will continue to stagnate and remain current until the end of next year.

The government should provide compensation

This situation will especially affect low income families, who are most affected by the rising energy tariffs. To compensate for not hesitating to call the study real “Disaster” The resolution trusts that the government has no choice but to offset the cost of living for the British by reducing taxes and lowering energy prices.

With RFI

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