- Kim heads Bayern past 10-man PSG to dent Champions League hopes
- Lewandowski hits Champions League century as Barca beat Brest
- Inter take Champions League lead with narrow win over Leipzig
- Arsenal crush Sporting in Champions League to extend revival
- Ceasefire in Israel-Hezbollah war to take effect
- Egyptian clubs go on scoring sprees in CAF Champions League
- Biden hails Lebanon ceasefire deal as 'good news'
- Brazil's Bolsonaro 'participated' in 2022 coup plot against Lula: police
- Barcelona striker Lewandowski scores 100th Champions League goal
- Alvarez, Correa net braces as Atletico thrash Sparta in Champions League
- Autos, food: What are the risks from Trump's tariff threat?
- Alvarez, Correa net braces as Atletico thrash Sparta Prague
- Trump brings back government by social media
- Animal rights activist on FBI 'most wanted terrorist' list arrested
- Netanyahu seeks ceasefire after two months of war in Lebanon
- Trump tariffs threat casts chill over Canada
- Hong Kong tycoon Jimmy Lai's court case a 'show trial': son
- Blinken says Lebanon ceasefire talks 'in final stages'
- Mascherano re-unites with Messi as new coach of Inter Miami
- Real Madrid's Bellingham gone from 'scapegoat' to smiling
- Bangladeshi Hindus protest over leader's arrest, one dead
- Trump tariff vow drives choppy day for markets
- Celtic fuelled by Dortmund embarrassment: Rodgers
- Pakistan ex-PM Khan calls more protestors to capital after deadly clashes
- Salah driven not distracted by contract deadlock, says Slot
- Algeria holds writer Boualem Sansal on national security charges: lawyer
- Biden proposes huge expansion of weight loss drug access
- Saudi 2025 budget sees lower deficit on spending trims
- Pogba's brother, five others, on trial for blackmailing him
- Israel pounds Beirut as security cabinet discusses ceasefire plan
- Prosecutors seek up to 15-year terms for French rape trial defendants
- Emery bids to reverse Villa slump against Juventus
- Survivors, bodies recovered from capsized Red Sea tourist boat
- Carrefour attempts damage control against Brazil 'boycott'
- Namibians heads to the polls wanting change
- Sales of new US homes lowest in around two years: govt
- Paris mayor Hidalgo says to bow out in 2026
- Stocks, dollar mixed on Trump tariff warning
- ICC to decide fate of Pakistan's Champions Trophy on Friday
- Man Utd revenue falls as Champions League absence bites
- Russia vows reply after Ukraine strikes again with US missiles
- Trump threatens trade war on Mexico, Canada, China
- Motta's injury-hit Juve struggling to fire ahead of Villa trip
- Cycling chiefs seek WADA ruling on carbon monoxide use
- Israel pounds Beirut as security cabinet to discuss ceasefire
- Fewest new HIV cases since late 1980s: UNAIDS report
- 4 security forces killed as ex-PM Khan supporters flood Pakistan capital
- Four bodies, four survivors recovered from Egypt Red Sea sinking: governor
- Ayub century helps Pakistan crush Zimbabwe, level series
- French court cracks down on Corsican language use in local assembly
RBGPF | 1.33% | 61 | $ | |
SCS | -1.33% | 13.54 | $ | |
CMSC | -0.65% | 24.57 | $ | |
RYCEF | 0.44% | 6.8 | $ | |
RELX | 0.51% | 46.81 | $ | |
NGG | -0.68% | 62.83 | $ | |
BTI | 1.01% | 37.71 | $ | |
BP | -1.24% | 28.96 | $ | |
RIO | -1.53% | 62.03 | $ | |
GSK | -0.38% | 34.02 | $ | |
AZN | -0.06% | 66.36 | $ | |
BCC | -2.76% | 148.41 | $ | |
BCE | -1.46% | 26.63 | $ | |
CMSD | -0.61% | 24.43 | $ | |
VOD | -0.56% | 8.86 | $ | |
JRI | -0.98% | 13.24 | $ |
Britons feel the pinch as cost-of-living crisis bites
Standing outside a north London supermarket clutching two shopping bags, Gerald Pursey bemoans Britain's burgeoning cost-of-living crisis which is impacting everything from the weekly shop to his energy bills.
"It's ridiculous! Every time I get out of here (having) bought some stuff, it's more than I thought it was going to be," he told AFP. "Everything's more."
Pursey, 62, drives one of the British capital's iconic black taxis, and notices rising prices most when filling his cab with diesel.
After recently finding a receipt from last August, he calculated the cost at the pump had shot up nearly 30 percent since then.
"It's depressing that everything's going up... someone's doing well out of it," he complained in pleasant spring sunshine that contrasted his mood.
Inflation has surged to a 40-year high on soaring energy costs, official data showed Wednesday.
Meanwhile, charities warn increasing numbers of people are being pushed into poverty, and forced to rely on services such as foodbanks.
"Today's inflation figure shows just how price rises are impacting on household budgets, with many already feeling the pinch from the pandemic and furlough," said Lindsay Boswell, head of FareShare, which works to alleviate hunger.
She noted a recent survey of the 10,500 UK charities and community groups in its network found the crisis was having a "big impact" on their ability to deliver care and services as well as on families themselves.
"Demand for our food is higher than ever," Boswell added.
Meanwhile in a sign of people's increasing desperation, Turn2Us, a London-based national charity helping those in poverty, said its helpline had received more than 100,000 calls in the past year from people looking for support.
The main issues people were facing included accessing state benefits and financial help to buy basic goods like a fridge and pay household bills.
- 'Right on the edge' -
Britain's economy is already showing signs of slowing, with fears it could now slip into recession later this year as the cost-of-living crisis bites.
At a Sainbury's supermarket in London, Crispin Warwick, 52, said simple pleasures like going to a pub for a few beers were "simply not affordable".
Housewife Mary Havens, who has two children, noted she had started to curb her overall spending -- exactly the kind of steps that dampens economic growth.
"I've had to cut down on luxury items, on entertainment and stuff like that," she explained.
"Unless we need it, we're not gonna buy it... I'm very worried because obviously it's not going to be easier anytime soon, is it?"
Shoppers' pessimism contrasts with Prime Minister Boris Johnson, who reiterated Wednesday that he sees runaway inflation as temporary and the underlying economy as sound.
He is facing persistent calls for an emergency government budget and windfall tax on energy firms reaping record profits, but is reluctant on both fronts, arguing they could exacerbate the crisis.
The government's efforts to confront it so far, including a small cut in fuel duty earlier this year as part of a promised $22 billion in various forms of support, has been seen as woefully inadequate.
"It's frustrating that the Tory government doesn't do anything for the underprivileged," said Brian Elliott, a 54-year-old shopper unable to work for health reasons and also feeling the financial squeeze.
"They don't care," he added, noting he too had pared back his spending on things like clothes.
"(I'm) right on the edge of not being able to afford things.... it's depressing."
Pursey is similarly scathing about the government's efforts.
"They've got a lot to answer for," he said, noting the party had been in power nearly a decade-and-a-half.
E.Schubert--BTB