If you’ve been following the headlines over the past few days you could be forgiven for thinking we’re heading for some sort of financial Armageddon.
The doomsters are out in force, warning of a cost-of-living ‘catastrophe’ hurtling towards us in April.
The Resolution Foundation think-tank says families will see £1,200 added to annual bills because of soaring gas prices and looming rises in National Insurance.
It is true that we face steep inflation that has worrying echoes of the 1970s. And it is vital that we protect the poorest and most vulnerable from serious financial shocks. As the boss of Age UK points out on Page 6, we cannot allow a situation where elderly people turn off their heating in a panic over surging bills.
But the hard facts about Britain’s economy – and our remarkable bounce back from the ravages of lockdown – tell a very different story to the one those determined to talk down Britain would have you believe.
The Resolution Foundation think-tank says families will see £1,200 added to annual bills because of soaring gas prices and looming rises in…
