Policies To Reduce Cost Of Living Crisis

24th July 2022

Tejvan Pettinger mulls over the possible solutions by government to reduce the cost of living.

The UK, along with many other countries, is experiencing a real cost of living crisis with inflation rising faster than average wages. The cost of living crisis is driven by higher transport costs, and energy and food prices, and this is forecast to continue to worsen over this winter. What are the various policies which can mitigate the cost of living crisis?

The areas covered in the article and in the video are -
Lower taxes on electricity/petrol
Energy rebate
Income tax cut
How to pay for tax cuts/energy rebates
Can a government borrow to solve the cost of living crisis?
Cutting other public spending?
Could higher interest rates help the cost of living crisis?

Read the full article HERE