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Cost of Living Crisis 2022-23

The economic backdrop for the UK has changed considerably over the past few months with higher oil, gas and commodity prices, fears of rising and persistent inflation and its damaging impact on consumers’ cost of living, little indication of an imminent end to Russia-Ukraine hostilities and supply chain bottlenecks exacerbated by war in Ukraine and lockdowns in China.

As reported nationally in the media, this is having a significant detrimental impact on funding and income available for residents and their ability afford their day to day bills and expenditure.

There are increasing reports of residents to making choices between heating or eating, being isolated in their homes due to no available money to pay for fuel or electricity and having to prioritise food over other basic but important needs.

The following reports provide a greater understanding of the issues, the data, the emerging themes and possible responses we could take locally alongside the potential impacts on Wirral residents and businesses. This is as local leaders across all sectors, gather information and intelligence, to direct their work to minimise the impacts and maximise the help.

We will update these pages as and when additional content becomes available.  

 

We will add information to the page in the coming months that will context and detail to the developing crisis

This report is prepared for an extraordinary meeting of the Committee called to enable the Council to respond to the cost of living crisis affecting the Borough and its residents caused by the current and predicted high energy costs and rapidly rising inflation impacting on business and residents’ incomes.

  • Cost of living Update - Office for National Statistics 

Their regular update brings together information and official statistics on the cost of living in the UK. 

The UK Economy roundup provides a short summary of new publications on the cost of living and the economy.

  • Cost of living hub - Local Government Association

This hub has been designed to share best practice and help councils to support their residents with the rise in the cost of living.

Case studies and resources can be found for each topic area in the pages below.

  • Fuel Poverty, Cold Homes and Health Inequalities in the UK - Institute of Health Equity

This is the third review of fuel poverty and cold homes from the Institute of Health Equity, following on from the briefing commissioned by PHE in 2014 the report commissioned by Friends of the Earth in 2011.