Gordon Brown wants urgent action from the Prime Minister, Rishi Sunak and Liz Truss to stop a coming ‘financial timebomb’ for millions of families
Gordon Brown said he wants urgent action ahead of further price rises in October.Gordon Brown has demanded the Government carries out an emergency budget before a "financial timebomb" in October "pushes millions over the edge".
Read more: Archie Battersbee's family says they were 'backed into corner by the system' and 'stripped of their rights' The new report, carried out by Professor Donald Hirsch at Loughborough University, found support for low-income households has fallen short of offsetting the losses they face amid the cost-of-living crisis, with some families up to £1,600 worse off a year.
Read more: Fifth arrest as police continue to investigate disappearance of student nurse Owami Davies An annual uprating in April 2022 of 3.1%, rather than the 9% that the Consumer Prices Index had risen over the past year, will add to the cost-of-living pressure, the analysis suggests.
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