The cost-of-living crisis
In 2020 COVID-19 caused the most severe contraction in the UK economy for over 300 years. Although the economy bounced back strongly, aided by government support for workers and businesses, after a brief period of relative respite, the war in Ukraine has combined with the global aftershocks of the pandemic to push up prices. Inflation is now at a forty year high and well above average wage increases leaving many households across the country facing a cost-of-living crisis.
Furthermore, existing inequalities widened during the pandemic, with the low-paid and already vulnerable groups disproportionately affected across a range of socio-economic and health measures. The cost-of-living crisis is likely to widen and deepen these inequalities.
To monitor the impact of the cost-of-living crisis in Herefordshire we have brought together a range of socio-economic data and intelligence in a Cost-of-Living Bulletin which can be downloaded from the resource box opposite.