It is expected that this year the standard of living will decline at the fastest pace in decades, as prices rise and wages do not keep up.
People with the lowest incomes suffer the most cost of living crisis because basic necessities, such as gas, electricity and food, are seeing the greatest growth.
economists forecasts seems to be getting gloomier with disturbing frequency. I will be here on Monday, May 23rd to answer your questions about what all this means.
Many of us have received alarming emails from energy companies informing us of the significant increase in our monthly payments. Undoubtedly, you have noticed that the prices for gas stations reach a record level.
More expensive fuel means additional costs for businesses that will quickly fall on consumers.
The Russian war in Ukraine is having an impact far beyond that country, raising energy and food prices across Europe.
But the cost of living crisis in Britain has much deeper roots and escalated long before Vladimir Putin ordered his troops to attack.
Although we are all aware of how we are affected by rising prices, many questions probably remain.
What is really causing this situation, how has it been resolved and what can be done to alleviate it in the short term as well as protect us in the future?
I will be here to answer your questions live at 1pm on Monday, May 23rd. To participate, register and then write your questions in the comments and I will answer as much as I can.