This morning I was interviewed on Premier Radio about today’s interest rate rises. I talked about those whose costs will rise – mortgage holders, renters and those who are already burdened by unavoidable debt accumulated over the lockdowns. I also talked about the rise’s effects on those who are …
Economy
Tax and the cost of living
The Conservative Party is choosing a new leader, who will become the UK’s next Prime Minister. One of the key issues throughout the campaign has been tax cuts. All the candidates – including Sunak and Truss who remain in the contest – wish to cut taxes. The only differences between candidate have …
Empowered to Succeed or Set up to Fail?
Unprecedented. The last two years have certainly been unprecedented for us all and the rippling effects of the covid pandemic, coupled with the impact of Brexit, are resulting in fresh economic challenges for many of us. With rising inflation, interest rates and energy prices, households are facing …
The Spring Statement number you need to know: 600,000 more people pulled into poverty
The most important number from the entire spring statement was not from the Chancellor but from the Joseph Rowntree Foundation. They estimated that over the next year, 600,000 people will be pulled into poverty [1]. The 14.6 million people already experiencing poverty will of course be pulled …
Responding to the Budget
On Wednesday 27th October, the Chancellor of the Exchequer Rishi Sunak announced the Autumn Budget in the House of Commons. It’s hard to ground Budget statements in everyday reality – not least because different people and different political parties see reality very differently. At other times, …
Wave of debt and uncertainty set to hit Universal Credit claimants after planned cut
Data released this week by Citizens Advice paints a distressing picture for levels of household debt in the UK if the proposed cut to Universal Credit goes ahead at the end of September. Universal Credit has been uprated by £20 per week during the pandemic, to help families relying on the benefit …
Reset the Debt in Parliament
Well over a thousand supporters of the Reset the Debt campaign wrote to their MPs to ask them to attend the debate on household debt in Parliament on 8 July. Thank you! The debate attracted a range of MPs from across the political spectrum, and while a wide range of views and issues were …
Trussell Trust figures reveal a record number turning to foodbanks during the pandemic
A report published last week by the Trussell Trust reveals a record 2.5 million food parcels were distributed by their network of food banks in the past year. The figure represents a 33% increase on the previous year, including a disproportionately large increase in the number of parcels …
Reaction to the Budget
In this Budget, the Chancellor faced the difficult task of setting financial and economic priorities at a time when unprecedented support has been needed, and continues to be needed, to help the country get through the pandemic. As well as setting out plans for the extension of that support, he had …
Vaccinating the World
As the UK celebrates its first COVID-19 vaccinations, the JPIT enquiry inbox has been receiving emails from church members asking if lower-income nations will be able to access vaccines and, if so, how quickly. Licencing vaccines The first hurdle is licencing one or more vaccines for …