Why profits, not pay, have caused the cost of living crisis
- Written by Costas Lapavitsas, SOAS, University of London
Budgeting for a rising cost of living.Inside Creative House/ShutterstockThe Bank of England accompanied its most recent UK interest rate hike – the 12th in a row – with a warning that UK price inflation is likely to be higher for longer than expected due to soaring food costs. The bank has been hiking rates since December 2021 to try...







