Families around the UK feel financially strained as unemployment and the rising costs of living continue to take a toll. According to the Office for National Statistics, the UK unemployment rate was 8.4% in the last quarter-the highest since 1995. Statistics show that young people are suffering the most, with more than one in five without a job. This takes the unemployment rate between 16-24 year old to 22.2%. Food prices in Britain are also rising at three times the rate of the world’s biggest seven economies. Figures from the OECD puts food inflation at 6.3% compared to an average 2.1% for the G7 group of nations-France, Germany, Italy, Japan, United States and Canada.

Source

Share This

• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 

About the author

Amy